Ripple CEO Says Chance of Settling With SEC in XRP Lawsuit Is ‘Zero’, Predicts When Ruling Could Be Delivered

Ripple CEO Says Chance of Settling With SEC in XRP Lawsuit Is ‘Zero’, Predicts When Ruling Could Be Delivered


Ripple CEO Brad Garlinghouse doesn’t think the payments firm will reach a settlement with the U.S. Securities and Exchange Commission (SEC) in the lawsuit alleging XRP to be a security.

Garlinghouse says in a CNBC interview that a settlement would only happen if the SEC clarified that XRP is not a security.

“The problem here is the SEC under [Chair] Gary Gensler has articulated a view that all crypto is a security. The only way that Ripple would settle, and I’ve said this at the very beginning, the only way we would settle is if there’s clarity that XRP is not a security on a go-forward basis…

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The Venn diagram for settlement is I think zero. So I think we’re going to end up letting

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