Ripple Vs SEC Case: Ripple CEO Optimistics Done In The First Semester Of 2023

JAKARTA - Ripple, a blockchain technology company developing cryptocurrency XRP, is likely to resolve a legal conflict with the US Securities and Exchange Commission (SEC) in the first half of 2023.

This was revealed by Ripple CEO Brad Garlinghouse in an interview with CNBC on January 18. Garlinghouse revealed that Ripple is very optimistic that it will resolve this conflict in 2023 and possibly even in the first half of that year.

He also added that the company would only be satisfied if the SEC declared XRP not a security. The SEC filed a lawsuit against Ripple in December 2020, alleging that the sale of XRP was an unregistered investment contract and token offering. Ripple immediately pledged to oppose the SEC allegations and the case has grown over the past few months.

Currently, Ripple and the SEC will wait for a decision from the judge. Garlinghouse said that the case had now been fully described in court and both sides had submitted their request for a summary judgment late last year, although the process was later extended.

In a separate interview with CNBC today, Garlinghouse called the SEC's behavior "embarrasing" and insisted that the facts of the case and law support Ripple.

Di sisi lain, banyak perusahaan yang mendukung Ripple dalam beberapa bulan terakhir, dengan Coinbase menyatakan bahwa gugatan SEC menyebabkan kerugian sebesar 15 miliar dolar AS bagi pedagang kripto retail.