- Ripple CEO Brad Garlinghouse foresees an end to the ongoing SEC lawsuit within six months.
- Garlinghouse’s prediction is based on both Ripple and the SEC having fully briefed the court.
- Despite the legal battle, Ripple plans to expand into more crypto-friendly territories.
In a recent development, Ripple’s CEO Brad Garlinghouse has offered an insightful forecast for the ongoing litigation between Ripple and the U.S. Securities and Exchange Commission (SEC). His conjecture suggests that the drawn-out legal proceedings, which have been a focal point in the crypto landscape since December 2020, could reach a conclusion within the next two to six months.
Garlinghouse shared these expectations during his address at the recently concluded Dubai Fintech Summit, an event known for its revelations in the financial technology sector. While he stopped short of providing a definitive timeline, he exuded confidence that the Ripple-SEC legal saga would likely conclude before the third quarter’s end.
His anticipated timeline derives from the fact that both Ripple and the SEC have furnished the court with all necessary motions, thereby thoroughly briefing the judicial body on the matter. The onus, he expressed, now rests with the presiding judge, turning all attention to the judicial bench.
Garlinghouse didn’t mince words about the frustration the lawsuit has caused Ripple, calling out the sluggish pace of the federal judiciary. He underscored that a federal judge’s timeline can be unpredictably elastic, which has been a significant factor in the case’s protraction.
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However, despite the legal headwinds, Ripple is undeterred in its ambition to extend its reach into regions more conducive to cryptocurrency. The outcome of this case could mark a watershed moment for Ripple and XRP, with potential implications extending far beyond the courtroom.
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