Ripple expects that the SEC lawsuit against XRP will end next year, and the CEO stated that “we are seeing pretty good progress” – Regulating Bitcoin News

Ripple CEO Brad Garlinghouse says he wants the lawsuit to end Ripple The U.S. Securities and Exchange Commission (SEC) will reach a conclusion next year. The executive explained: “Despite the slow progress of the judicial process, we have seen pretty good progress.”

Ripple’s CEO is hopeful about the U.S. Securities and Exchange Commission lawsuit Ripple End of next year

Ripple CEO Brad Garlinghouse discusses the lawsuit Ripple The US Securities and Exchange Commission (SEC) said in an interview with CNBC on Monday.

Garlinghouse stated that he expects the lawsuit to be concluded next year, detailing:

Despite the slow progress of the judicial process, we have seen quite good progress.

“Obviously, we have seen the judge raise very good questions. I think the judge realizes that this is not just about Ripple. This will have a wider impact,” the Ripple executive added.

In December of last year, the US Securities and Exchange Commission sued Ripple, Garlinghouse, and co-founder Christian Larsen, claiming that they had sold $1.3 billion worth of Ripple Tokens in the issuance of unregistered securities.However, Ripple and executives believe that Ripple Should not be regarded as securities.

In a lawsuit with the SEC, Ripple issued a proposal Last week’s cryptocurrency regulatory framework was called “the true method of cryptocurrency regulation.” Garlinghouse explained that “the proposed policy framework is a three-pronged approach to what can be done now”, noting that this is the result of Ripple’s “direct interaction with regulators and bipartisan policymakers”. Ripple CEO has repeatedly stated that the US Securities and Exchange Commission has given Not sure Regarding encryption supervision.

Garlinghouse is not the only one who has seen good progress in the SEC v. Ripple case. In October, Brian Armstrong, CEO of Coinbase, a NASDAQ-listed cryptocurrency exchange, stated that the SEC v. Ripple case “seems to be Better than expected. ”Coinbase delisted Ripple In January of this year, shortly after the SEC filed a lawsuit against Ripple and two executives.

Tags in this story

Brad Garlinghouse, Christian Larson, ripple, Second lawsuit, sec end of lawsuit, Second litigation is over, sec’s suit against xrp, Second v ripple, SEC and Ripple, Seconds vs xrp, Ripple

What do you think is the result of the SEC’s lawsuit against Ripple and its executives? Ripple? Please let us know in the comments section below.

Image Source: Shutterstock, Pixabay, Wikimedia Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.

Source link