Brad Garlinghouse, CEO of Ripple, the developer of XRP, expects the lawsuit with the US Securities and Exchange Commission (SEC) to be finalized within the next year.
Garlinghouse, in an interview with CNBC “slow progress” although so far “good progress has been made” explained.
Unlike Bitcoin and ether, XRP securities The SEC, which describes it as $1.3 billion sued Ripple in December 2020 for allegedly selling unregistered securities.
“I am the judge [davanın] that it’s not just about Ripple and will have greater effects I think you are aware of it.” Garlinghouse says he hopes to reach a settlement in 2022 in the case that has been going on for a year.
XRP, which the San Francisco-based company launched in 2012; According to CoinGecko data since the beginning of this year more than 390% gained value. The XRP price broke its own record by reaching $3.40 in 2018.