.Ripple CEO: $XRP is utilized for making more than half of Ripple's total transaction volume. bgarlinghouse
Garlinghouse optimistic on SEC lawsuit to end this year
When asked about the lawsuit against the U.S. securities regulator, Garlinghouse said that all the materials and briefs from both sides have now been set in front of the judge, and what is left now is waiting for however long the judge will take to make a decision. As for a possible settlement, the CEO stated that from the very beginning the most important condition for that from Ripple was that the SEC considers XRP a nonsecurity on a forward-going basis. But since SEC chair Gary Gensler, he said, considers nearly all crypto to be securities, there is a good chance of a settlement. He is looking forward to a decision to be made by the judge and is hopeful it will happen this year, maybe even in the first half of it.
My take on Davos 2023 – I honestly think it’s healthy seeing the change in how crypto showed up this year. Folks are focusing on utility and how these technologies solve real problems -- the only way the industry will move forward. Great to catch up
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