Ripple CEO Says SEC Lawsuit Is Almost At Its Ends, Here’s The Next Important Date
Summary
Ripple CEO Brad Garlinghouse anticipates the SEC's case ending soon, but the timing is uncertain. The dispute centers on remedies for Ripple's violation of securities laws. The SEC initially proposed a $2 billion fine, later reduced to $102.6 million, while Ripple suggests a fine of no more than $10 million. Speculations about a potential out-of-court settlement persist, with a postponed SEC meeting fueling further uncertainty. Ripple's Chief Legal Officer highlighted the impact of Judge Torres' ruling, emphasizing its influence on similar cases and the SEC's approach. Despite ongoing developments, the court's ruling that XRP isn't a security remains unchanged, with the SEC indicating no plans to challenge it.
