Ripple (XRP) CEO Brad Garlinghouse said in an interview with Fox Business that the company’s legal battle with the United States Securities and Exchange Commission (SEC) is going “extremely well.”
Ripple CEO Answers Question If The Case Will End This Year
All cryptocurrency The lawsuit, which is expected to set the agenda for the industry, is approaching the summary judgment applications. Garlinghouse said in a statement that the case could end this year, but that this is an “optimistic” view. However, the famous CEO stated that it is not impossible for the case to end this year despite this.
As it is known, the petitions for the summary decision must be sent to the court by 15 November. The judge will then review the case before making a final decision.
“SEC Postponing Litigation Where Possible”
Ripple CEO believes the lawsuit will set a significant precedent in the industry.
However, Garlinghouse also criticized Gary Gensler in his statement. The famous CEO said many of the SEC chairman’s speeches were “irrational”. In addition, Garlinghouse also criticized the SEC for trying to delay the case whenever possible.
Garlinghouse Also Responded To Warren Buffett’s Bitcoin Statements
The XRP CEO also touched upon the criticism of Berkshire Hathaway CEO Warren Buffett during his recent meeting with shareholders. In his statement, Buffett stated that he would not buy all the Bitcoins in the world, even for $ 25. Buffett’s right-hand man, Charlie Munger, claimed that Bitcoin was “bad”.
Garlinghouse said that Bitcoin has absolutely nothing to do with “evil” and that technological changes can be difficult for some people to follow.
Garlinghouse said he wouldn’t waste time trying to persuade them to attribute their disdain to Buffett or his right-hand man, Charlie Munger, to generational shifts.
*Not investment advice.