Ripple Labs Chief Executive Officer, Brad Garlinghouse, has recently stated that he expects a court ruling on the lawsuit brought by the US Securities and Exchange Commission (SEC) against Ripple “in weeks, not months.” Garlinghouse commented in an interview during the “Redefine Tomorrow 2023” summit.
The SEC sued Ripple in 2020, alleging that the company failed to register the XRP cryptocurrency as a security and raised over $1.3 billion through unregistered, ongoing digital asset sales. The company has denied the SEC’s allegations and has argued that XRP is a currency, not a security.
Ripple CEO Expects Favorable Court Decision
Garlinghouse also revealed that 95% of Ripple’s customers are non-US, and the company has seen much growth. He added that given the regulatory backdrop if he could go back in time and set up the company again, he would not do it in the US.
Ripple has been fighting…
