Ripple CEO spoke to CNBC on a possible SEC settlement in the XRP lawsuit.
He asserted that the group had already spoken about its views on digital assets, including Gary Gensler, the SEC chairman.
Ripple addressed the prospect of a future settlement with the SEC.
The CEO of Ripple, Brad Garlinghouse, discussed the likelihood of reaching a settlement with the US SEC despite being accused of raising $1.3 billion through an unregistered offering of digital asset securities. Before going to the World Economic Forum Annual Meeting, Garlinghouse made the position of the commission on the cryptocurrency market public.
The CEO of Ripple provided an answer to a query regarding the likelihood of a future settlement with the SEC in an interview with CNBC. Garlinghouse stated that they had consistently shown a desire to settle. However, whether or not XRP is considered a security will determine whether or not this deal goes through.
He claimed that the team, including Gary Gensler, the chair of the SEC, had already discussed their opinions on digital assets. According to them, practically all cryptocurrencies are securities. In a Venn diagram created by the SEC, this attitude leaves very little room for settlement.
However, the judges are aware that they can take as much time as they want since the matter has been fully stated in court. However, the CEO of Ripple is attempting to maintain optimism and thinks the litigation will be over in 2023, possibly in the first half.
Garlinghouse stated that they had noticed a major shift in the SEC's attitude. The Ripple team now believes that the judge will rule in their favour.
