XRP News: Ripple CEO Expects XRP Lawsuit Verdict In Weeks

XRP News: Brad Garlinghouse, Ripple CEO and a defendant in the lawsuit filed by U.S. Securities and Exchange Commission (SEC) is expecting the much anticipated verdict soon. In a recent interview at Redefine Tomorrow 2023 summit, Garlinghouse hinted that after resolution over crucial Hinman Docs. a judgment might land in the coming weeks.

Also Read: Ripple Counsel Withdraws From Case; US SEC To Gain Upper Hand?

Hinman Docs Is The Key In Ripple Lawsuit?

Speaking at the event, Ripple CEO stated that in terms of where things stand today in the legal battle against the US SEC, he is confident of receiving a judgment this year. He added this might happen in weeks and not even months.

Garlinghouse highlighted the recent court ruling where the judge declined the US SEC’s motion to redact certain information from the infamous Hinman Ethereum Speech. As Coingape reported, the court believes that the speech memos are Judicial documents and should go in public.

However, the global crypto industry will have to wait to gain access to the Hinman speech docs as U.S. SEC and Ripple in a joint request asked the court for one week extension. The controversial speech linked memos are expected to be released on June 13th, 2023. Read More XRP News Here…

XRP Set To Win?

Ripple CEO called the court’s decision on Hinman Docs a big win for transparency. He added that there has been not much clarity on the regulations despite calls and demand from the crypto leaders across the industry.

He added that by fighting this case, Ripple has called out the United States government and SEC for putting politics ahead of smart policies. This is the main reason that most of the crypto entrepreneurs and firms are choosing to move out of the US. However, despite facing legal challenges from the commission over the nature of XRP, Ripple’s growth with On demand liquidity (ODL) has not been hampered.

Meanwhile, Recent court filings in the XRP lawsuit mentioned that one of Ripple’s counsel is seeking to leave. Attorney Kylie Chiseul Kim submitted a request to withdraw as counsel from the case. However, the court has granted the motion.

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Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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