Finst

Ripple CEO predicts soon end of SEC case

Is the end of the Ripple case near? According to CEO Brad Garlinghouse, a decision could come as early as the next few weeks.

By Mike Hesp
• 1 min read
Ripple CEO predicts soon end of SEC case

Is the end of the Ripple case near? According to CEO Brad Garlinghouse, a decision could come as early as the next few weeks.

Ripple CEO Brad Garlinghouse recently said in a View post on X on May 25 that he expects the legal dispute with the U.S. Securities and Exchange Commission (SEC) to end within weeks.

Following the recent news surrounding the Hinman documents, Garlinghouse predicted a decision within "weeks, not months."

US District Judge Analisa Torres ruled on May 16 that Hinman's documents were not allowed to be sealed by the US Securities and Exchange Commission (SEC).

The documents include internal SEC communications related to a 2018 speech by former division director William Hinman in which he said Ether, the Ethereum blockchain's native token, was not a "security.

De lawsuit between Ripple and the SEC is seen as a landmark case for the crypto sector. The court must decide whether XRP should be considered a security. It is assumed that the legal dispute will be used as a precedent for future crypto regulations. Hinman's documents will be made public on June 13.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.