Ripple case with SEC to ‘likely’ reach a conclusion in 2022, says CEO

"The judge realizes this is not just about Ripple, this will have broader implications,” Ripple CEO Garlinghouse said. Read the full article by: Erhan Kahraman

Key Points:

• Its has been almost a year now since the SEC decided to make a statement and take XRP to court. The SEC is claiming the Ripple was issuing XRP as an unregistered security but it seems like that may come to an end soon.

• The announcement of this case sent the crypto market and especially XRP drastically and caused a lot of people to lose money quickly. Many do not believe that the allegations are precedented and they may not but this was the SECs way of letting everyone know that they were going to start taking crypto regulations seriously.

• “Clearly, we’re seeing good questions asked by the judge,” Garlinghouse said, adding his belief that “The judge realizes this is not just about Ripple, this will have broader implications.”

• XRP holders have also voiced their displeasure and even filed a “friends of the court” brief to make them defendants of Ripple to support their case and let their voices be heard. The plan is for the case to end in 2022 and everyone hopes that it ends soon and in favor of XRP. It will also be interesting to see what exactly comes out of this for the broader space in terms of regulations and clarity.