Ripple CEO: 'Hard to Give Specific Odds on a Settlement With the SEC'

IconCryptoNewsTerminal Staff17 Jul, 2024

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Ripple CEO: 'Hard to Give Specific Odds on a Settlement With the SEC'

Ripple CEO Brad Garlinghouse has stated that it is "hard to give specific odds on a settlement with the SEC" in an interview with Bloomberg. He added that he expects a resolution "sooner rather than later." Rumors circulated in the community that the SEC was set to meet with Ripple for a private conference on the 18th, which was reportedly canceled, causing a slight dip in the price of XRP. The SEC has declined to comment on the matter. Ripple and the SEC have been engaged in a legal battle since December 2020, when the SEC filed a lawsuit alleging that Ripple had sold XRP as an unregistered security. Ripple has denied the allegations and the case is ongoing. The outcome of the SEC's lawsuit against Ripple will have a significant impact on the cryptocurrency industry. If Ripple is found to have violated securities laws, it could set a precedent for other companies that are offering digital assets.

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