Ripple CEO Brad Garlinghouse recently revealed that a nearly two-year lawsuit with the US Securities and Exchange Commission (SEC) is nearing its climax. and can be resolved before the end of this year
ingive an interviewWith Fox Business correspondent Charlie Gasparino, the head of Ripple acknowledged that the company’s ongoing legal battle with the SEC has passed “quite well,” adding that his firm’s case will set a significant precedent within the crypto space.
“This case proceeded well. There are cases where people struggle to find answers. But the judge apparently understood that the case was an important case and was going to set a precedent. And now we are close to filing a final judgment. Everything must be before a judge by the end of November,” he said.
When asked if he believed the case would be over this year, Garlinghouse said: “That’s an optimistic view. But it’s not impossible.”
Earlier in April, Judge Annalize Torres hadcorrectThe summary table of judgments by both parties must be finalized in its entirety by 15 November.
Then the judge will consider the case and announce the judgment. According to Garlinghouse, the conclusion of Ripple’s legal battle with the SEC will depend on the length of time the judge spends on trial.
Garlinghouse pointed out that the SEC is trying to extend the lawsuit as long as possible. He added that many of the talks made by SEC Chairman Gary Gensler didn’t make sense.
“He said a lot of things that I thought didn’t make sense. he said ‘Delayed justice is justice denied.’ However, they filed a lawsuit against Ripple and used every opportunity possible to try to delay the case. And we’re trying to do it as quickly as possible. as much as possible,” he said.
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