- Ripple CEO Brad Garlinghouse believes that the ruling in the lawsuit against the SEC may come in June 2023.
- The CEO criticized the SEC’s actions, calling its behavior “embarrassing.”
The ongoing lawsuit between Ripple and the SEC may conclude later this year. Insights from Ripple CEO Brad Garlinghouse revealed that the trial, which began more than two years ago, could see a verdict within “single-digit months.”
Ripple v. SEC ruling in June?
In a recent interview with CNBCBrad Garlinghouse said he hopes for a ruling in the first half of 2023. He said:
We are optimistic that this will certainly be resolved in 2023, and possibly [in] first half. So we’ll see how it goes from here. But I feel good about where we stand in terms of the law and the facts.”
The CEO and his blockchain company claimed that Ripple [XRP] It wasn’t safe. Garlinghouse revealed that a settlement of the issue with the SEC is up for discussion. However, such a settlement must take place on a “go-forward” basis, as the security situation for XRP is non-negotiable. While a settlement is possible, it seemed unlikely.
The “embarrassing” behavior of the SEC
In a separate discussion with CNBC, Brad Garlinghouse reflected on the SEC’s behavior over the past two years in connection with the lawsuit. He dismissed the organizer’s actions as “embarrassing”.
Garlinghouse believed they were on the winning side from the start. He stressed the importance of the outcome of this case in his favour, given the precedent it would set for the entire cryptocurrency industry in the United States.
Also famous crypto attorney John Deaton Mutual His views on this issue on January 17. He argued that the ruling would also be in favor of Ripple.
So I ask, what is a joint venture?
It cannot be Ripple and since the SEC has given up on its expert, there is no “XRP Ecosystem” certification before Judge Torres.
If you carefully read the SEC brief, it claims #XRP It is the joint venture itself. Actually you say so.
– John E. Deaton (@JohnEDeaton1) January 16, 2023