Ripple CEO Brad Garlinghouse expects a resolution of the longstanding case with the Securities and Exchange Commission (SEC). The SEC and Ripple have seen several back-and-forths regarding the status of XRP as an institutional investment contract. Last year, a ruling gave Ripple a partial victory over the SEC which was celebrated as a landmark decision.
Ripple V SEC Saga Might Be Over Soon
Brad Garlinghouse stated that the ruling on the case last year was clear from the judge however, the question of investment contracts sold to institutions remains the final piece. In a recent Bloomberg interview, Garlinghouse explained that while he expects a resolution on the last piece with the SEC, but can’t predict when the judge will give a final ruling.
Since, Dec 2020, Ripple and the financial regulator have engaged in a legal dispute with the SEC asserting that XRP is a security. While Ripple and the crypto community opposed that stance, the company gained a partial victory last year that
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