Ripple CEO Brad Garlinghouse has once again given assurance to the XRP community regarding the outcome of the Ripple-SEC case.
According to Garlinghouse, the legal tussle, which has lasted for over two years, would be concluded in the first half of 2023. The Ripple CEO disclosed this earlier today during an interview session with CNBC.
“The case is now fully briefed in front of the judge […] We are optimistic that this will certainly be resolved in 2023, maybe the first half. We’ll see how it plays out from here, but I feel very good about where we are relative to the law and the facts,” Garlinghouse noted.
Brad Garlinghouse also added that he is optimistic the lawsuit would end in favor of the XRP Ledger digital currency and the San Francisco-based crypto solutions company.
“I’m very optimistic and I think, absent some significant change in posture from the SEC, I can’t imagine that we won’t have a resolution from the judge, … I have heard in Davos repeatedly how important it is (SEC, Ripple lawsuit) for the whole crypto industry in the United States.”
The entire crypto community is eager to witness how the biggest crypto legal tussle of the century would end as the conclusion will affect the cryptocurrency industry either directly or indirectly.
For people like Charles Hoskinson, the founder of the popular smart contract platform Cardano, a victory for the SEC would be catastrophic to the nascent industry. A U.S. congressional candidate January Walker equally stated that a win for the Gary Gensler-led securities agency would be a loss to web3 and the world.
Regarding a settlement, the Ripple CEO noted that it is unlikely as he believes the lawsuit will end with a court ruling. “We have always said that we would love to settle, but it requires one very important thing, and that is that, on a go-forward basis, it’s clear that XRP is not a security.”
This goes in line with John Deaton’s latest comments and prognosis regarding the XRP lawsuit. According to the popular attorney who is representing over 75,000 XRP holders in the ongoing case, there will be no settlement in the lawsuit until after the Summary Judgement from Analisa Torres.
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