Brad Garlinghouse, the CEO of Ripple, has recently reacted to the latest development in the ongoing lawsuit between Ripple, the San Francisco-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC).
In reaction to the update shared by the general counsel at Ripple, Stuart Alderoty, about the latest development in the ongoing case, Garlinghouse said he’s confident that the filings against him, Chris Larsen, and Ripple will eventually be dismissed.
Read Also: CryptoLaw Founder Shares 16 Facts That Prove the Case Will End In Favor of Ripple and XRP
In a tweet a few hours ago, Alderoty said an order from the court today has made it clear that there is a serious question on whether the SEC ever provided Ripple with fair notice that its sales of XRP since 2013 would ever be prohibited under the securities law.
Stuart Alderoty tweeted, “Today’s order makes it clear there’s a serious question whether the SEC ever provided Ripple with fair notice that its distributions of XRP – since 2013 – would ever be prohibited under the securities law.”
Today’s order makes it clear there’s a serious question whether the SEC ever provided Ripple with fair notice that its distributions of XRP – since 2013 – would ever be prohibited under the securities law. https://t.co/d1X6BWDR5i
— Stuart Alderoty (@s_alderoty) March 11, 2022
Huge Win for XRP, Says Ripple’s Brad Garlinghouse
Reacting to the new order from the court shared by Ripple’s general counsel, Brad Garlinghouse said, “If you weren’t paying attention then, you should be now. Huge win for Ripple today!”
If you weren’t paying attention then, you should be now. Huge win for Ripple today! https://t.co/dMeUQuIPHM
— Brad Garlinghouse (@bgarlinghouse) March 11, 2022
Read Also: Rumors Spreading That Ripple-SEC Lawsuit Has Ended In Settlement; Ripple CEO’s Comments Give Hints
Garlinghouse further stated that he’s confident that the filings against him, Chris Larsen, and Ripple will eventually be dismissed:
“And while we would have preferred the cases against Chris and me to end now, the SEC must now prove its claims. We are confident that ultimately all of them will be dismissed.”
SEC Commissioner Doubts SEC’s Capability to Win Ripple
XRP community started to get hints about Ripple’s possible victory after it was revealed by a Fox journalist named Eleanor Terrett that the SEC commissioner, Hester Peirce, has privately stated that she thinks the SEC will not get the desired outcome.
Eleanor said she got the information from a source close to the U.S. regulator.
Eleanor Terrett tweeted, “SCOOP: Turns out even staff at the SEC aren’t confident they will win the case against Ripple. A source close to the SEC tells me Hester Peirce has expressed privately she thinks the SEC will not get the outcome it’s looking for.”
🚨SCOOP: Turns out even staff at the @SECGov aren’t confident they will win the case against @Ripple. A source close to the SEC tells me @HesterPeirce has expressed privately she thinks the SEC will not get the outcome it’s looking for.
— Eleanor Terrett (@EleanorTerrett) March 7, 2022
Over the past weeks, there were lots of speculations in relation to the lawsuit. However, with the latest development, the case could come to an end earlier than expected.
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