The long-standing feud between distributed ledger technology firm Ripple and the United States Securities and Exchange Commission (SEC) is nearing its end, according to Ripple’s CEO.
Brad Garlinghouse highlighted the progress made in the case “despite a slow-moving judicial process.” Speaking to CNBC, he predicted that the Ripple case would likely conclude in 2022.
“Clearly, we’re seeing good questions asked by the judge,” Garlinghouse said, adding his belief that “The judge realizes this is not just about Ripple, this will have broader implications.”
Last year, the SEC charged Ripple with allegations of selling unlicensed securities in the form of XRP tokens since 2013. Ripple objected to the claims, saying that XRP should not be considered a security.
The SEC claimed Ripple could have been aware that XRP could