Ripple CEO: “I Feel Very Good About Where We Are” in Regards to SEC Lawsuit Regarding XRP

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The Securities and Exchange Commission (SEC) case involving xrp, according to Ripple CEO Brad Garlinghouse, “will absolutely be resolved in 2023.” He continued by saying that a solution might perhaps come in the first half of this year.

The Ripple CEO stated, “I feel very happy about where we are with relation to the law and the facts.

The CEO of Ripple is optimistic regarding the SEC lawsuit.

In an interview with CNBC on Wednesday at the World Economic Forum in Davos, Switzerland, the CEO of Ripple Labs, Brad Garlinghouse, discussed his opinions on the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) regarding the sale of XRP.

However, I am extremely satisfied with where we stand in light of the law and the evidence.

In December 2020, the SEC brought legal action against Garlinghouse, Ripple, and co-founder Chris Larsen over the sale of XRP, which the agency deemed to be an unregistered security offering.

According to Garlinghouse, “We have always maintained that we would love to settle, but it requires one very key condition, and that is that, on a going-forward basis, it’s clear that XRP is not a security.”

The SEC and Gary Gensler have publicly said that they believe practically all cryptocurrencies to be securities.

I believed it was very evident from the start that the law and the facts were on our side. And I believe the judge is paying attention to our arguments based on how this has developed and the court files.

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