The post Ripple vs. SEC Live News: CEO Brad Garlinghouse Says Decision Might Be Made Within Weeks appeared first on Coinpedia Fintech News
Ripple CEO Brad Garlinghouse has expressed optimism about a potential resolution to the long-standing crypto lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). Garlinghouse predicts that the court battle, which commenced in December 2020, could conclude within a few weeks.
On REDeFiNE Tomorrow Virtual Summit, Garlinghouse said, “I am very confident we will see a decision in the courts this year and in fact, I would guess in weeks not months. There were some decisions last week that you may have read about. The judge ruled against the SEC’s effort to redact certain information about a very infamous speech that then director Hinman gave, talking about why ETH is not a security.”
The CEO added, “The courts just ruled last week that the notes and emails associated with that will be made public on June 13. I think that is a huge win for transparency. There hasn’t been clarity despite calls and demands from leaders across the industry. Ripple decided to lean in, fight this fight.”
On May 16, Judge Analisa Torres denied SEC’s request to seal internal documents related to William Hinman’s speech. The judge ruled that the documents were not protected by the deliberative process privilege as they did not pertain to an agency position, decision, or policy. The SEC claimed that the documents should be sealed due to their alleged lack of relevance to the summary judgment motions and the potential prejudice their disclosure could cause to the financial regulator.
In the XRP lawsuit, the U.S. SEC accused Chris Larsen and Garlinghouse of violating securities laws by selling XRP without proper registration. Ripple, on the other hand, argues that XRP is a digital currency and not a security.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks