Ripple CEO optimistic about SEC lawsuit for XRP-says: I feel very good where we are-Regulation
Ripple CEO optimistic about SEC lawsuit for XRP-says: I feel very good where we are-Regulation
Ripple CEO Brad Garlinghouse says that he is "optimistic" that the complaint of the Securities and Exchange Commission (SEC) via XRP "will certainly be settled in 2023". He added that it could even be solved in the first half of this year. "I feel very good where we said in relation to the law and the facts ripple executive.
ripple CEO is "optimistic" in relation to the second lawsuit
The CEO of Ripple Labs, Brad Garlinghouse, shared his view on the complaint of the US stock exchange supervisory authority SEC because of the sale of XRP in an interview with CNBC on Wednesday at the World Economic Forum in Davos, Switzerland.
Garlinghouse noted that the judges "will need as long" as they need, and said:
We are optimistic that this will certainly be solved in 2023 and maybe in the first half. So we will see how it plays from here. But I have a very good feeling where we are in relation to the law and the facts.
The sec submitted a lawsuit against Garlinghaus, rippleund in December 2020 on the sale of xrp which the regulatory authority claimed that it was an unregistered securities offer. Ripple has retained this xrp is not a security. Both the SEC and Ripple submitted their last briefs in December last year to obtain a summary judgment on the case.
The Ripple of the CEO said that he would expect a decision "at some point in the coming months", and added that he did not expect Ripple to settle the securities supervision.
"We always said that we would like to agree, but it requires a very important thing, and that is that it is clear that it is clear on a go-forward basis XRP is not a security, ”emphasized Garlinghouse and explained:
The Sec and Gary Gensler said very externally that he considered almost all cryptos as security. And so there is very little space in the Venn diagram.
SEC chairman Gary Gensler said this on several occasions Bitcoin is a goods target = "_ blank" href = "https://news.bitcoin.com/sec-chair-gensler-insists-most-crypto-tokens-are-says-says-law-is-Clear/" Rel = "noopener"> securation .
emphasis on the importance of the ripple according to the result of the lawsuit Garlinghouse said on Wednesday: "I repeatedly heard here in Davos how important this is, not only ripple ... but also really the entire crypto industry in the United States." He added: "I keep reminding people that crypto still thrives outside of the United States, still rippleflores, and we should ensure that we continue to include regulatory authorities outside the USA."
in a separate fireplace interview with CNBC said Garlinghouse:
From the beginning I thought it was very clear that the facts on our side were that the law was on our side ... and I think how you saw this game, as you saw the files in court that the judge certainly hears our arguments.
Who will in your opinion win this case, the Sec or Ripple? Let us know in the comment area below.
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