Ripple CEO Brad Garlinghouse is optimistic about the course of their legal battle against the US Securities and Exchange Commission (SEC).
The U.S. Securities and Exchange Commission both against Ripple on the grounds that XRP is a security and Ripple illegally sells securities; He also filed a lawsuit against the company’s CEO, Garlinghouse, and one of its founders, Chris Larsen.
Garlinghouse, who attended Paris Blockchain Week, made some statements about the course of the case here. garlinghouse, “The lawsuit is going extremely well, even better than I expected 15 months ago, when the lawsuit was filed.” said and “But the legal process is progressing slowly.” he added.
Garlinghouse, who is optimistic about their performance during this litigation process, said that they may encounter as Ripple. “worst case scenario” encountered and despite “They exhibited a record growth” stressed.
According to Garlinghouse, the loss of this lawsuit is not only for Ripple but also for the cryptocurrency world. for the whole will have major consequences and place additional burden on the Securities and Exchange Commission.
“This is not a case that only matters to Ripple. It’s important to the entire cryptocurrency industry in the US. (Losing the case) would be really negative for the United States.” said Garlinghouse, “If a decision is made that XRP is a security, we will need to identify everyone who has XRP. That’s the SEC’s obligation. Stakeholders will need to find them all. This is also not possible.” added form.