According to Ripple’s CEO, The SEC lawsuit will soon be over


In a recent interview with SCB 10X’s CEO Mukaya Panich, Ripple CEO Brad Garlinghouse expressed optimism that the company’s protracted legal fight with the US Securities and Exchange Commission (SEC) will soon be resolved.

Deaton predicted last month that the matter will likely be concluded by May 6. Judge Analisa Torres’ recent decision to deny the SEC’s move to seal the contentious “Hinman documents” precedes Garlinghouse’s remarks on a probable settlement date.

The files in question pertain to an internal discussion at the securities regulator over a lecture given by former Division Director William Hinman in 2018. Hinman claimed that cryptocurrencies like as Bitcoin (BTC) and Ethereum (ETH) did not qualify as securities.

Former defence counsel James K. Filan, who was mentioned in Deaton’s tweet today, posted a copy of the judgement on Twitter.

According to Garlinghouse, the court’s attitude towards the litigation might be gauged by the judge’s decision to reject the SEC’s motion to seal the records.

According to the Court Order on September 9, 2022, both parties had precisely 21 days following the sealing order to submit public, updated copies of the linked summary judgement papers, therefore they are likely to be made public on June 13.

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