Latest News

Ripple Boss Gives Hope, Says SEC Lawsuit Will Likely Be Over Next Year

Ripple CEO Brad Garlinghouse says the ongoing SEC lawsuit will likely conclude by next year.

Furthermore, it’s long since the U.S securities regulator first files a notice accusing Ripple of selling $1.3 billion of securities.

More so, the ripple case also opens up the SEC to a number of fronts, which includes allegations of favoritisms for Bitcoin, and especially Ethereum. Then, it also reveals inconsistency of fair notice and due process standards.

Additionally, the boss gives an update on the progress of the situation.

So, while speaking to CNBC, Garlinghouse notes the judicial process, despite moving slowly, is still in their favour.

“We’re seeing pretty good progress despite a slow-moving judicial process.”

Also, Ripple CEO Brad Garlinghouse speaks on the judges’ competence with getting to the roots of the matter. Then, also considering how this case will affect the entire crypto market as a sector.

“Clearly we’re seeing good questions asked by the judge…”
“And I think the judge realizes this is not just about Ripple,..”
“this will have broader implications.”

Lastly, Ripple CEO Brad Garlinghouse confirms that there’s hope on the case ending next year.

Also, Some XRP holders are critical of the SEC’s handling and timing, saying the case is costing them money while a bull run.

Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…>>

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.