Fun

Ripple CEO Anticipates Answer in SEC Lawsuit Over XRP in the First Half of 2023

News Feed - 2022-10-13 12:10:27

Ripple CEO Anticipates Answer in SEC Lawsuit Over XRP in the First Half of 2023


Ripple CEO Brad Garlinghouse says he thinks “we’ll have an answer in the first half of next year” in the U.S. Securities and Exchange Commission (SEC) lawsuit over xrp. Maintaining that xrp is not a security, the executive stressed that the case “is about the whole industry” and “Everyone acknowledges how important this is.” Ripple’s CEO Expects Answer in First Half of Next Year


Ripple CEO Brad Garlinghouse talked about the timeframe of the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the sale of XRP during an event for DC Fintech Week, Bloomberg reported Tuesday.


While acknowledging that it is difficult to predict the pace of court proceedings, Garlinghouse said: I think we’ll have an answer in the first half of next year. Whether that’s the first quarter or second quarter, we shall see.


Garlinghouse further said Tuesday that Ripple would consider a settlement with the SEC if the regulator states that XRP is not a security. The executive stressed that the XRP case “is about the whole industry,” adding: Everyone acknowledges how important this is.


Garlinghouse noted that Ripple’s business in the U.S. is limited, noting that “For all intents and purposes, XRP does not have liquidity in the United States.”


The SEC sued Ripple, Garlinghouse, and co-founder Chris Larsen in December 2020, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering of XRP. Ripple subsequently filed a motion seeking to dismiss the suit, claiming the XRP token is not a security. Meanwhile, the SEC has also asked the court for a ruling in its favor without a trial.


In July, Garlinghouse said: “I think the SEC has massively overstepped … I think they saw this gray area they’re like ‘hey we are going to go in."” The Ripple boss reiterated: “It’s frustrating it’s taking this long. There’s a lot of companies, I think, that realize how important this case is to the whole industry.” Tags in this story Brad Garlinghouse, ripple ceo, ripple lawsuit, Ripple lawsuit concludes, ripple vs sec, Ripple xrp lawsuit, sec lawsuit, sec lawsuit over xrp, xrp lawsuit, XRP lawsuit concludes


What do you think about the comments by Ripple CEO Brad Garlinghouse? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Key EU Parliament Committee Approves MiCA Deal to Regulate Crypto REGULATION | 20 hours ago Coinbase Receives In-Principle Approval to Provide Crypto Services in Singapore REGULATION | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleDevere CEO Expects Further Volatility in Crypto Market Before Year-End — Says Savvy Investors Will Benefit From Panic Sellers Next articleCrypto Exchanges Still Available to Russians Despite Latest EU Sanctions, Report Unveils Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItDraft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament


A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

Alice Ivey12 hours agoHow to use chatbots for virtual assistanceLearn the key strategies for leveraging chatbots in virtual assistance, from setting goals to designing intuitive interfaces and continuously enhancing thei
Brayden Lindrea5 hours agoIs Binance’s $4B settlement the green light for spot Bitcoin ETFs?One crypto executive predicted five months ago that spot Bitcoin ETFs would only be approved after Binance lost ground on its
Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth
Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth The U.S. economy has declined for the second-straigh
Bitcoin trades sideways while TON, RNDR, PEPE and AR flash bullish signs
Rakesh Upadhyay2 hours agoBitcoin trades sideways while TON, RNDR, PEPE and AR flash bullish signsBitcoin price looks stuck in the near term, but TON, RNDR, PEPE and AR could surprise traders by making a strong upside mo
Runes and BRC-20s are just a stepping stone for Bitcoin DeFi
Zoltan Vardai10 hours agoRunes and BRC-20s are just a stepping stone for Bitcoin DeFiBitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin
China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
China Backed Publication: Terra LUNA Crash Vindicates Country"s Ban on Crypto-Related Activities An op-ed article published in the state-backed Chinese publication Economic Daily,
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has inform
Crypto Exchange LBank and ETHDubai Partner for an Exclusive Meet-Up
Crypto Exchange LBank and ETHDubai Partner for an Exclusive Meet-Up press release PRESS RELEASE.Venture capitalists, founders, and eminent crypto investors graced the event to meet
Savannah Fortis13 hours agoCrypto community responds to Kraken lawsuit, Deaton slams ‘dishonorable’ GenslerThe crypto community, including prominent industry lawyers and U.S. Senator Cynthia Lummis, is sounding off a
Was Warren Buffett right? 5 Things to know in Bitcoin this week
William Suberg59 minutes agoWas Warren Buffett right? 5 Things to know in Bitcoin this weekBitcoin sees a giant $30,000 crash in a week while Ethereum retreats 40% and Berkshire Hathaway"s Apple sale takes on new meaning
Brayden Lindrea5 hours agoBinance completes integration of Bitcoin Lightning NetworkThe news comes less than a month after Binance announced their plans to integrate Bit Lightning Network.4690 Total views72 Total sharesL