Ripple Labs CEO Brad Garlinghouse says that the firm’s court case with the U.S. Securities and Exchange Commission (SEC) will conclude in the near future.
In December 2020, Ripple was sued by the SEC on the grounds of allegedly selling XRP as an unregistered security.
During an interview with Tai Panich, the CEO of SCB 10X, a technology investment firm, Garlinghouse expressed his belief that Ripple’s success in the ongoing lawsuit will have significant implications for the cryptocurrency industry as a whole. Based on recent developments relating to the SEC’s former Director of Corporate Finance William Hinman and his speech declaring Ethereum (ETH) a non-security, Garlinghouse says he expects a court decision in weeks, rather than months.
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“In terms of where things stand today –
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