Ripple case with SEC to ‘likely’ reach a conclusion in 2022, says CEO
"The judge realizes this is not just about Ripple, this will have broader implications,” Ripple CEO Garlinghouse said. The long-standing feud between distributed ledger technology firm Ripple and the United States Securities and Exchange Commission (SEC) is nearing its end, according to Ripple’s CEO.Brad Garlinghouse highlighted the progress made in the case “despite a slow-moving judicial process.” Speaking to CNBC, he predicted that the Ripple case would likely conclude in 2022. “Clearly, we’re seeing good questions asked by the judge,” Garlinghouse said, adding his belief that “The....
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Both parties are currently not considering terms for a pretrial settlement. The changing of the guard at the United States Securities and Exchange Commission seems to have affected any possible pretrial settlement in the SEC’s case against Ripple.This conclusion was part of a joint discovery letter filed on Monday before Judge Analisa Torres of the U.S. District Court for the Southern District of New York.Commenting on the prospects of a pretrial settlement, the letter reads:“Counsel for the parties have met and conferred and, having previously discussed settlement, do not believe there is....