Amidst the controversial lingering legal battle between the United States Securities and Exchange Commission (SEC) and Ripple, the cross-border crypto firm CEO Brad Garlinghouse is confident about the possibility of the case concluding soon.
In a recent article published by Forbes titled “‘Confident’ Ripple CEO Helps The XRP Price Suddenly Outperform Bitcoin”, a YouTube interview with Tai Panich was quoted.
Read Also: Lawyer Discovers “Damaging” Potential Evidence for SEC in Lawsuit against Ripple and XRP
In the interview, Garlinghouse said “I feel very confident that we’ll see a decision from the courts this year. In fact, I think I would guess that it will be in weeks, not months.”
Brad Garlinghouse’s Take On The Legal Procedures as Quoted By Forbes
According to the article, Garlinghouse seemed satisfied with the ongoing court procedures between Ripple and the U.S. SEC.
Garlinghouse noted, “Ripple decided to lean in and fight this fight, both for Ripple and the whole industry.” “We’ve spent a lot of money defending it. And I think what we’ve called out is the government in the United States, and the SEC particularly, is putting politics ahead of smart policy.”
Speaking about progress in the courtroom, Ripple CEO highlighted the verdict by Judge Analisa Torres to unseal Hinman docs as a big win for transparency in the legal procedures.
Read Also: Ripple CEO Brad Garlinghouse Defends XRP Against Securities Allegations, Slams Critics
Brad said, “The judge ruled against the SEC’s effort to redact certain information, a very kind of infamous speech that the then director of corporate finance Bill Hinman gave, talking about why ETH, in his view, is not a security.”
Finally, Garlinghouse is hopeful the conclusion of the lawsuit in favor of Ripple will pave the way for the US-based crypto companies, as major exchanges such as Coinbase and Gemini currently exploring alternative geographical locations for their businesses in recent months.
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