Ripple’s Garlinghouse Remains Bullish in Crypto Markets as He Hopes Out of XRP Lawsuit ⋆ ZyCrypto
Brad Garlinghouse, CEO of financial technology firm Ripple Labs, has expressed confidence that the SEC and Ripple lawsuit will be resolved this year, with a final ruling likely by June 30. says.
On the sidelines of the World Economic Forum in DeVos, Ripple executives made it clear that they were satisfied with the Ripple team’s defense. He also said they were open to a settlement with the U.S. Securities and Exchange Commission (SEC), even though regulators continue to claim most cryptocurrencies are securities.
“The incident is now fully explained. We are optimistic that this will be resolved in 2023, possibly in the first half.” In an interview with CNBC, Brad said: “So we’ll see how she goes, but I feel very good about where we are in terms of the law and the facts.”
girling house sued Ripple, along with company co-founder Chris Larsen, by the SEC for selling $1.3 billion worth of XRP in 2020 after regulators claimed the process violated U.S. securities laws. He further said that a settlement of the lawsuit is essential not only for Ripple, but also for the U.S. crypto industry.
Bullish on the crypto industry
Garlinghouse also addressed the current state of the cryptocurrency market, stating: he is strong In the long term, about Bitcoin, Ether and other cryptos.
“I have tried to avoid short-term price predictions for bitcoin and cryptocurrencies in general.
For him, even the recent FTX debacle and ongoing turmoil by crypto companies like DCG and Gemini could not prevent the long-term success of the crypto sector.
“I think there will continue to be noise about what is going on with DGC and Gemini…it’s hard to know. I think the fact that we’re seeing a change in the industry is healthy in the long run.‘ he continued.
Asked what he thinks is the biggest catalyst for cryptocurrency success, 51-year-old Brad focused on “companies that are solving real problems” and creating regulation for the cryptocurrency sector. said.
https://zycrypto.com/ripples-garlinghouse-hopeful-on-outcome-of-xrp-lawsuit-as-he-stays-bullish-on-crypto-market/ Ripple’s Garlinghouse Remains Bullish in Crypto Markets as He Hopes Out of XRP Lawsuit ⋆ ZyCrypto