Ripple Vs SEC Lawsuit To End In Next 2 To 6 Months? Here’s What the CEO Brad Garlinghouse Says

The post Ripple Vs SEC Lawsuit To End In Next 2 To 6 Months? Here’s What the CEO Brad Garlinghouse Says appeared first on Coinpedia Fintech News

The world of cryptocurrency is currently buzzing with anticipation as the outcome of the closely-watched legal dispute between Ripple and the US Securities and Exchange Commission (SEC) draws nearer. As the ruling has the potential to establish a groundbreaking precedent for the entire digital asset industry, rumors about the final verdict date have been rife. 

However, a recent statement from Ripple’s CEO at the Dubai Fintech Summit has added a new twist to the tale, leaving industry insiders and enthusiasts alike on the edge of their seats. What did he reveal about the potential timing of the verdict? Keep reading to find out.

Ripple CEO predicts the end of the SEC lawsuit in the next two to six months

At the Dubai Fintech Summit, Ripple CEO Brad Garlinghouse shared his predictions for the resolution of the ongoing lawsuit with the US SEC. Garlinghouse stated that he expects the lawsuit to conclude within the next two to six months. He also mentioned that the parties have provided all the necessary information to Judge Analisa Torres, who has the final decision in the case.

Garlinghouse acknowledged that the Judge might choose to operate on her timeline, and expressed confidence that the ruling will be made before the end of Q3 2023. Despite the challenges faced during the legal battle, Garlinghouse indicated that Ripple is now near the end of its journey.

Earlier Prediction on the Ripple vs SEC Lawsuit 

Ripple CEO Brad Garlinghouse had previously predicted that the lawsuit with the SEC would be concluded in the first half of 2023, however, the case is still ongoing. Several pro-crypto lawyers also made predictions on when the lawsuit would end, but they were all proved wrong when Judge Torres did not issue a summary judgment as expected. 

Despite this, Garlinghouse is still optimistic about the outcome of the case and has revised his previous prediction, setting a new estimated deadline of September 30, 2023. It remains to be seen whether his latest prediction will hold true, but the cryptocurrency industry continues to watch the developments in the lawsuit with great interest.