Follow Us

Header Ad

Latest Posts

Categories

Brad Garlinghouse estimated the likelihood of concluding the dispute with the SEC before the end of 2022


Ripple CEO Brad Garlinghouse praised the course of the company’s litigation with SEC, allowing for its completion by the end of 2022. He stated this in an interview with Fox Business.

Garlinghouse called the announced terms optimistic. In his opinion, such an outcome is quite possible.

The CEO of Ripple noted the importance of the process for the entire crypto industry, as the court decision will set a precedent:

“The case went pretty well, there were a lot of fights around disclosure. But it is clear that the judge understands that this is an important case and it will be a precedent. We are now approaching a solution. Everything will be before the judge by the end of November.”

The head of Ripple criticized SEC Chairman Gary Gensler, saying that many of his theses “do not make much sense.”

“He says that ‘justice delayed means justice denied’.” Nevertheless, they filed this lawsuit against Ripple and tried to drag out the case at every opportunity. We are committed to acting as quickly as possible and will continue to advance as quickly as possible,” Garlinghouse said.

In January, Davis Polk law firm partner and ex-SEC official Joseph Hall called the regulator’s chances of losing the case on the merits high. However, he expressed doubts about the imminent completion of the process.

Recall that Garlinghouse allowed the case to be completed in 2022 back in November last year.

Subscribe to the ForkLog YouTube channel.

Found a mistake in the text? Select it and press CTRL+ENTER

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

Forgot Password