Ripple is making significant progress in its ongoing litigation with the US Securities and Exchange Commission (SEC), CEO Brad Garlinghouse told CNBC. According to him, the case can be resolved as early as next year.
“We are seeing quite good progress, despite the slowness of the trial. The judge is clearly asking good questions. And I think she realizes that this case is not only about Ripple, but will have broader implications, ”said Garlinghouse.
The SEC filed a lawsuit against Ripple late last year, accusing the company of illegally selling securities in the form of an XRP token issued by it for a total of over $ 1.3 billion. Ripple, in turn, insists that XRP is not a security.
During the last interview, the CEO of Ripple also singled out the UAE, Japan, Singapore and Switzerland as the “leaders” in the regulation of the cryptocurrency industry.
“In general, the direction of movement is very positive,” he continued.
Garlinghouse previously allowed the liquidation of Ripple’s current headquarters due to unfavorable US regulation. He called Japan a possible country for moving, where Ripple has a major partner in the person of the SBI financial corporation.
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