Crypto Market News: While several crypto businesses based in the United States have in the recent times felt the heat of regulatory scrutiny, it can be said that Ripple is at the final stages of its legal battle with the U.S. Securities and Exchange Commission (SEC). The company’s CEO, Brad Garlinghouse, recalled the long battle, stating that the journey has been frustrating. In this context, the XRP community is awaiting the Summary Judgement in the lawsuit.
Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out?
Brad Garlinghouse Says Ripple Has A ‘Silver Lining’
Stating that other crypto industry players are at the beginning of their fight with the regulators, Ripple CEO Brad Garlinghouse said it has been two and a half years fighting the SEC in court. Speaking about the lawsuit against the U.S. Securities and Exchange Commission, Garlinghouse said it has been “frustrating” and “slow.” However, he said, while speaking at the Dubai Fintech Summit, Ripple has a silver lining that others in the crypto ecosystem do not have, which is being in the final stages of the XRP lawsuit.
“The silver lining for Ripple is that we are kind of at the end. Sometime in the six months I expect a resolution (in the XRP lawsuit).”
Meanwhile, SEC Chief Gary Gensler has been at the receiving end of criticism in recent times from lawmakers. For instance, Gensler faced heavy criticism during the recent House Financial Services Committee hearing.
Also Read: Binance Cuts ETH Staking Withdrawal Time, Will Prices Go Down?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Leave a Reply