In a recent interview at DC Fintech Week 2023, Ripple CEO Brad Garlinghouse, dished out the deets on the ongoing legal scuffle with the Securities and Exchange Commission (SEC).
Hold on tight, ’cause what he spilled had the crypto and Ripple communities buzzing. Here’s everything you need to know.
During the interview, Brad Garlinghouse disclosed that he had been offered a potential middle-ground solution to resolve the legal dispute outside of court. However, this option was later withdrawn “with prejudice.” Garlinghouse interprets this as a clear sign of Ripple’s strength in the case, stating, “It feels quite satisfying.” He believes that the offering and subsequent withdrawal strongly indicate that the opposition lacked confidence in winning the case.
Also Read: A Look at Ripple’s Hidden Potential: Is XRP the Next Bitcoin?
Despite the uncertainty surrounding the case, Garlinghouse is determined to see the legal battle through to its conclusion. He expressed his readiness to take the matter to the highest court in the land. The SEC has hinted at the possibility of filing an appeal against the US District Judge Analisa Torres’ ruling, suggesting that the case could ultimately reach the Supreme Court.
Garlinghouse affirmed, “I think that definitely could happen,” reiterating Ripple’s commitment to see the case through.
In a gutsy move, Garlinghouse wants the SEC to own up. He pointed fingers at the “Hinman emails,” adding some spice to the legal drama. These emails stirred up a debate about what the SEC is up to in the crypto world.
Shifting focus from the legal rollercoaster, Garlinghouse highlighted how other countries are rolling out the crypto welcome mat. Japan, Switzerland, Singapore, the UK, and Australia are drawing in investments and go-getters, showing a sharp contrast to the US’s rulebook.
As Ripple stands firm and the SEC thinks about an appeal, the final legal act is still up in the air. Ripple’s battle cry echoes, maybe gearing up for a showdown at the Supreme Court.
Do you think Ripple will ultimately win this case?
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