Ripple CEO Brad Garlinghouse has predicted a new end date for the lingering crypto lawsuit between the United States Securities and Exchange Commission (SEC) and the Silicon Valley tech company.
According to Garlinghouse, the court battle which began in December 2020 could be wrapped up in two to six months from May. “I expect a resolution in the next two to six months,” he said in the interview at the just-concluded Dubai Fintech Summit where he also mentioned that Ripple will expand into the crypto-friendly terrain.
Though he gave no specific date, he expressed optimism that the Ripple-SEC would end before the end of the third quarter of the year. His projection stems from the fact that both the SEC and Ripple have filed all the necessary motions and fully briefed the court.
Thus, Garlinghouse asserted that all eyes are now on the presiding judge. In addition, the Ripple CEO noted that the XRP lawsuit has been very frustrating and slow, citing the fact that a federal judge can operate on whatever timeline.
In his words, “The case against Ripple By the US SEC started two and half years ago. So it has certainly been frustrating and slow, But the good news is we are at the end of that journey. Others in the crypto might be beginning their journey, but Ripple is now at the end (in its legal battle). I will say in the next two or six months; I expect a resolution. The judge has been fully briefed, and she has a decision on her plate. A federal judge can operate on whatever timeline, in this case, she would like, but I am optimistic we can see a resolution, I believe, before the end of Q3 2023.”
— اقتصاد سكاي نيوز عربية (@SNABusiness) May 9, 2023
It bears noting that previous predictions from Garlinghouse and other top pro-XRP lawyers didn’t play out, giving room for doubts regarding the latest forecast. However, the Ripple CEO is confident the SEC would lose in the XRP lawsuit.