Ripple CEO Expects Conclusion to SEC Court Case Early Next Year
Ripple chief executive Brad Garlinghouse said believes the company’s lawsuit with the Securities and Exchange Commission (SEC) will conclude “in the first half of next year.” “Whether that’s the first quarter, or second quarter, we shall see,” Garlinghouse said during an interview at DC Fintech Week.
The SEC first filed the lawsuit against Ripple, in addition to current CEO Garlinghouse and former CEO Chris Larsen, in Dec. 2020. The federal regulator accused the company of issuing its XRP token without properly registering it as a security, which the authority asserts that the digital asset is.Garlinghouse said both sides have filed motions for summary judgment, meaning the case would be resolved by a judge before going to trial.
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