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Ripple CEO Brad Garlinghouse (Brad Garlinghouse) said that he expects the US Securities and Exchange Commission (SEC) case against XRP to be concluded next year. The person in charge explained: “Although judicial methods are slow, we have seen considerable progress.”
The CEO of Ripple hopes that the SEC’s investigation into XRP can be concluded next year
Ripple CEO Brad Garlinghouse (Brad Garlinghouse) mentioned the US Securities and Exchange Commission’s (SEC) reasons for XRP in an interview with CNBC on Monday.
Garlinghouse mentioned that he expects the causality to be concluded next year, and elaborated:
Despite the slow judicial method, we have seen considerable progress.
“Obviously, we saw that the choice made a wise inquiry. And I think that the choice is aware that this is hardly Ripple. This may have a wider impact,” the Ripple government intervened.
In December 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 XRP tokens in unregistered securities donations. However, Ripple and executives believe that XRP cannot be considered for security.
In a dispute with the SEC, Ripple announced a proposal for a cryptocurrency regulatory framework last week, called the “true method of cryptocurrency regulation.” Garlinghouse explained that “the proposed policy framework may be a three-pronged approach to the work currently being done”, noting that it is the result of Ripple’s “direct interaction with regulators and non-partisan policymakers”. Ripple CEO has repeatedly stated that the US Securities and Exchange Commission has no clear encryption regulation.
Garlinghouse is not the only United Nations agency that believes that the SEC v. Ripple case has made significant progress. In October, Brian Armstrong, CEO of Coinbase, a NASDAQ-listed cryptocurrency exchange, stated that the US Securities and Exchange Commission v. Ripple “seems to be higher than expected.” Coinbase delisted XRP in January, and shortly afterwards the SEC launched a cause against Ripple and two executives.
Post Ripple expects that the SEC’s causal relationship with XRP will end next year, and the CEO stated that “we have seen quite good progress” First appeared in Bitcoin wire.
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