Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP

Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP

Ripple’s chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Komisoni ki he ngaahi maluʻi mo e fakafetongi (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering.

Ripple’s CEO Discusses Implications of SEC Winning the Lawsuit

Ripple CEO Brad Garlinghouse discussed the lawsuit brought by the U.S. Komisoni ki he ngaahi maluʻi mo e fakafetongi (SEC) over XRP earlier this month in an interview with Axios at the Collision 2022 event.

The SEC sued Ripple Labs, Garlinghouse, and co-founder Chris Larsen in December 2020, alleging that the XRP sale was an unregistered securities offering. Ripple disagreed with the SEC and has since been fighting a legal battle with the securities regulator.

During the interview, Garlinghouse was asked what would happen if he does not get a ruling in his favor and XRP is deemed a security.

The Ripple executive quickly emphasized that in that situation, XRP would only be considered a security in the United States. He clarified:

The SEC only has jurisdiction in the United States, and in some ways … How the world is operating right now is as if the case has been lost.

He added that investors cannot trade XRP in the U.S. on most platforms. Mahuʻinga fakasiʻisiʻí, for example, halted trading of XRP soon after the SEC filed the lawsuit against Ripple.

“If Ripple loses the case, does anything change? It’s basically just status quo. Ripple is still growing very, very quickly,” Garlinghouse said.

Garlinghouse Is Betting on Winning Against SEC

Emphasizing that he is betting that Ripple will win the case against the securities regulator, the executive affirmed:

I’m betting that because I think the facts are on our side. I’m betting that because the law is on our side.

“I think the SEC has massively overstepped and is trying to take kind of jurisdictional ownership over something that is … I think they saw this gray area they’re like ‘hey we are going to go in,’” the Ripple executive explained.

Naʻa ne toe pehe: “It’s frustrating it’s taking this long. There’s a lot of companies, I think, that realize how important this case is to the whole industry.”

In April, Stuart Alderoty, legal counsel at Ripple, tweeted: “It now looks like a resolution will come in 2023 — and each day that passes is hurting U.S. citizens who were essentially the victims of a rug pull by the SEC. $15B in XRP market cap was destroyed the day the suit was filed, hurting the very people the SEC purports to protect.”

Ngaahi fakaʻilonga ʻi he talanoá ni
Brad Garlinghouse, Brad Garlinghouse lawsuit, Brad Garlinghouse xrp, ripple lawsuit, Ripple lawsuit SEC, Ripple xrp lawsuit, sec lawsuit, sec v ripple, sec wins xrp lawsuit, xrp lawsuit, xrp wins ripple

Do you think SEC will win the lawsuit against Ripple over XRP? Tau ʻilo muʻa ʻi he konga ʻo e ngaahi fakamatala ʻi laló.

Kevin Helms

Ko ha tokotaha ako ʻi he ʻekonomika ʻo ʻAositulia, Maʻu ʻe Kevini ʻa e foʻi paʻanga ʻ 2011 pea talu mei ai mo ʻene hoko ko ha taha ʻevangelio. ʻOku toka e ngaahi meʻa ʻoku ne manako ai ʻi he paʻanga ʻa tait, ngaahi maʻuʻanga tokoni ʻoku ʻatā, ngaahi ola ʻo e kulupu fengaueʻaki mo e afe ʻi he vahaʻa ʻo e ʻekonomika mo e cryptography.




Fakamatala ki he ʻĪmisí: Shutterstock, Pixabay, Wiki Commons

Fakamahino: ʻOku fakataumuʻa pē ʻa e fakamatala ko ʻení ki he ngaahi taumuʻa ʻo e fakamatalá. ʻOku ʻikai ko ha kole fakahangatonu pe kole ha kole ke fakatau pe fakatau atu, pe ko ha fakaongoongolelei pe poupou ki ha faʻahinga koloa, ngaahi ngāue tokoní, pe ngaahi kulupú. Maximumhorrors.com ʻikai ke ne ʻomi ha tokateu, tukuhaú, fakalao, pe faleʻi fakatauhitohi. ʻOku ʻikai fatongia ʻaki ʻe he kautaha pe tokotaha faʻu tohi, fakahangatonu pe ʻikai fakahangatonu, ki ha faʻahinga maumau pe mole naʻe fakatupu pe fakamahamahalo ke fakatupu ʻe he pe fekauʻaki mo hono fakaʻaongaʻi pe falala ki ha faʻahinga meʻa pe, ngaahi koloa pe ngaue ʻoku ha ʻi he fakamatala ko ʻeni.

Lau fakamahino

Vahevahe