Ripple (XRP) CEO Brad Garlinghouse stated that the ongoing litigation process with the US Securities and Exchange Commission (SEC) for nearly 3 years will result in a $200 million bill.
CEO Brad Garlinghouse Dubai Fintech SummitIt came to the fore with the statements he made in . In a statement, the U.S. Securities and Exchange Commission (SEC) The legal battle between Ripple and 200 million dollars Stating that he will explode, Garlinghouse said in his speech. hard continued with sentences.
Encourage crypto entrepreneurs to spread in the USA recommendation who do not Garlinghouse, USA political He stated that he put his thoughts before the developing technology.
ripple, $1.3 billion worth of XRPfor selling unregistered 2020 He was sued by the SEC. Approximately for 3 years While the ongoing lawsuit is expected to be concluded within this year, the expenses incurred during the process are according to the transfer of the CEO. 200 million based on the dollar.
At the end of March, Garlinghouse accused SEC Chairman Gary Gensler of abusing the power of the institution and summoned US officials to duty.