December 11, 2023

Ripple chief predicts completion of SEC trial in 2022

Brad Garlinghouse says the legal battle with the US regulator is seeing "significantprogress".

Ripple CEO Brad GarlinghouseAn interview with CNBC predicted that the US Securities and Exchange Commission (SEC) litigation would end next year. According to him, in this case "there is significant progress, despite the slowness of the trial."

“The judge understands that this is not just about Ripple, it will have broader implications,” Garlinghouse added.

The financial regulator at the end of 2020 accusedRipple sells $ 1.3 billion in unregistered securities under the guise of XRP tokens. In July, Ripple's lawyer James Filan said that no pre-trial agreement should be expected in the proceedings between the company and the SEC anytime soon. Filan is confident that Ripple will not yield to the regulator.