XRP News: Ex-Ripple Exec Predicts SEC Will Settle or Dismiss Ripple Lawsuit Within the Week

Former Ripple director Sean McBride recently weighed in on the ongoing Ripple-SEC case, suggesting that a resolution could come soon. When asked if he thought the SEC would settle with Ripple soon, McBride responded on social media, stating that the case should either be dismissed or settled within the week. He explained that while there are nuances to both options, he believes a settlement is more likely than a dismissal. 

McBride shared his opinion that Ripple, as well as its executives brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, in 2012 by Chris Larsen and Jed McCaleb, and has a headcount of 1,120. It is a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, founded by Brad Garlinghouse. He also played a unique and significant role in creating an advanced cross-border payment using blockchain technology. He is an extremely popular person across the globe in the crypto landscape. Brad has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. Joined Ripple as COO.  He was promoted to be the CEO in December 2016. Initially, he worked at AOL and Yahoo! where he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo Courier divisions. While at Yahoo, he also wrote an inner updated version known as the Peanut Butter Manifesto, requiring the organization to zero in on its core business instead of expanding itself. He is one of the Top Speakers in the Crypto and Blockchain field, where he shares the knowledge and evolvement of the technology in the current space    Quick Facts Full Name Bradley Kent Garlinghouse Birth 06-02-1971, in Topeka, Kansas Nationality American Education Bachelor's degree in Economics, MBA from Harvard Business School. Net Worth $10B (Refer here)   Ripple's native token, XRP is among the top digital assets. As per CoinGape, Brad's company has $100 billion worth of XRP tokens in its reserve. This will help further innovation in Web3 and blockchain projects. As per reports surfing on Binance’s blog, Brad Garlinghouse may step down as CEO of Ripple to join the Crypto Advisory Council, which is led by President Trump. This significant event will boost the adoption of decentralized finance and blockchain growth.   Brad Garlinghouse: Trivia 2007: Served as Senior VP at Yahoo!, heading communications and consumer products. 2012: Became CEO of Hightail, leading digital file-sharing innovations. 2015: Joined Ripple as COO to push blockchain adoption in cross-border payments. 2017: Became CEO of Ripple, driving XRP adoption and blockchain partnerships. 2020: Led Ripple’s defense against the SEC lawsuit over XRP’s security status. 2021: Expanded Ripple’s ODL (On-Demand Liquidity) network for global crypto payments. 2023: Got a partial success against the SEC, declaring XRP as not a security. 2024: Continue leading Ripple in CBDC collaborations and global blockchain finance. 2025: May join Trump's Crypto Advisory Council to set regulations.   Notable Works & Achievements by Brad Garlinghouse Year Achievements Details 2003 Wrote the 'Peanut Butter Manifesto' at Yahoo! Highlighted Yahoo!'s lack of focus in operations. 2015 Joined Ripple as Chief Operating Officer Took measures to integrate blockchain technology into banking systems. 2017 Appointed CEO of Ripple Expanded Ripple's global partnerships, enhancing cross-border payment solutions. 2020 Named in Forbes' List of Wealthiest in Cryptocurrency Recognized for significant contributions to the crypto industry. 2023 Legal Victory in SEC vs. Ripple Case Achieved a favorable ruling impacting cryptocurrency regulations.   EntrepreneurInvestorChief Executive OfficerBoard Member and Chris Larsen Chris Larsen Chris Larsen is an American business executive and angel investor best known for co-founding several Silicon Valley technology startups, including one based on peer-to-peer lending. In 1996, he co-founded the online mortgage lender E-Loan. In September 2013, OpenCoin changed its name to Ripple Labs, Inc., with Larsen remaining CEO.  Details: Organization: RipplePayments Location: United States Education: Graduated from San Francisco State University with a degree in International Business and Accounting Skills: Development and Project Team Management Experience: Chief Executive Officer at Ripple from Sep 2012 - Present FAQ's 1. When was Ripple founded? In 2012, Larsen co-founded Ripple Labs. 2. What is the net worth of Chris Larsen? Chris Larsen's Net Worth Is Up $6 Billion       InvestorChief Executive Officer deserve compensation, and that a settlement would provide a more detailed resolution than a simple dismissal.

The former director went on to say that Ripple and its executives have “flipped the script” on the SEC, meaning they’ve turned the situation in their favor. He also speculated that if the case were dismissed, Ripple could countersue the SEC for damages. However, if the case is settled, he believes the details would likely be sorted out through private negotiations or “back channels,” possibly involving promises from the new administration.

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Legal Experts Weigh In

Marc Fagel, a former SEC lawyer, reacted to McBride’s comments, explaining that a countersuit would likely not succeed, especially since the district court had already ruled that Ripple violated the law. He also pointed out that SEC settlements are always made public, so any “back-channel” resolution would be unlikely. Fagel concluded by saying that the case is not expected to be resolved within the week.

Attorney Bill Morgan also opened up about a settlement and wrote,

A settlement would have to deal with Ripple’s cross-appeal. The important point is that Judge Torres’ finding that XRP is not a security is not under challenge no matter what happens.

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