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Ripple CEO Brad Garlinghouse Addresses XRP-SEC Lawsuit

It’s been just revealed the fact that Ripple’s CEO is addressing the XRP/SEC lawsuit. Check out the latest reports about this below.

Ripple CEO addresses SEC lawsuit

According to Brad Garlinghouse, CEO of Ripple Labs, the ongoing court case with the U.S. Securities and Exchange Commission (SEC) is expected to be resolved soon.

The SEC filed a lawsuit against Ripple in December 2020, accusing them of selling XRP without proper registration as a security.

Ripple CEO refers to a speech by Finance William Hinman where he declared Ethereum (ETH) as a non-security and expects a court decision soon, within weeks rather than months.

“In terms of where things stand today – I’ll try to not get too much into the legal weeds – you are right that I feel very confident that we’ll see a decision from the courts this year. In fact, I think I would guess that it will be in weeks, not months. There were some decisions that happened last week that you may have read about.”

He continued and said the following:

“The judge ruled against the SEC’s effort to redact certain information, a very kind of infamous speech that the then Director of Corporate Finance Bill Hinman gave, talking about why ETH, in his view, is not a security.”

Garlinghouse also said the fact that the court just ruled last week that the notes in the emails associated with that are going to be made public, and should be public around June 13th.

“So I think that’s a huge win for transparency. But what it really calls out is, there really hasn’t been clarity, despite calls and demands from leaders across the crypto industry.”

Check out the original article posted by the online publication the Daily Hodl. Stay tuned for more news from the crypto space and make sure to keep your eyes on the market as well.

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