Ripple’s CEO hints at a possible end to the XRP lawsuit on September 21, with the cryptocurrency’s price showing some gains but remaining bearish for the week. Brad Garlinghouse, the CEO of Ripple, has raised concerns about why XRP is being targeted in the ongoing SEC litigation, suggesting that the case could come to a close on the last day of summer. While optimistic about a swift resolution, Garlinghouse is uncertain about the exact timeline.
In a recent interview, Garlinghouse emphasized the importance of regulatory clarity and a decision timeline, speculating that a judgment from the judge could be expected before September 21. He highlighted the unique status of XRP in the US due to its clear regulatory framework, contrasting it with the uncertain future of Ethereum.
Despite facing regulatory challenges, Ripple continues to advocate for a more favorable environment for cryptocurrencies in the US, with Garlinghouse criticizing SEC Chair Gary Gensler for his hostile stance towards the industry. As Ripple navigates its legal battle with the SEC, the company is expanding its business outside the US and seeking clarity on fines and penalties.
While XRP’s price has seen a slight increase, trading at around $0.4843, it has experienced a bearish trend over the past week, dropping by 7.38%. Former Ripple executive Sean McBride believes that prices may remain subdued until a ruling is made by Judge Torres. Ripple has taken steps to secure sensitive documents related to the SEC’s case, as part of its strategy to manage legal proceedings and protect confidential information.
For more information on Ripple and XRP, check out our guides on buying XRP, setting up a Ripple XRP wallet, and monitoring XRP prices in real-time. Stay tuned for the latest news and developments in the world of Ripple and XRP.