Since December 22, 2020, there is a lawsuit between the SEC and Ripple. Despite some minor victories for the crypto business, the outcome of the lawsuit remains uncertain, at least for most people. For David Gokhshteinwho founded crypto-focused outlet Gokhshteinthe big winner of the legal battle is already known.
According to the CEO of Ripple, the SEC would try to override the law!
Entrepreneur David Gokhshtein recently predicted Ripple’s victory over the SEC. Indeed, he said on Twitter on December 4: “Ripple will win. The crypto industry will also be a winner“. This recalls the content of a interview from Ripple CEO Brad Garlinghouse on September 23, 2022 with CNBC. Garlinghouse had explained that “99.9% of XRP transactions have nothing to do with Ripple, the company“.
“When you say “XRP is a security”, I go back to something I said years ago when they started: “A security from which company? Who is the owner? “I think it’s very clear that there is no investment contractadded the crypto business executive.
Garlinghouse believes that the law and the facts are very clear. According to him, the problem comes from the SEC which tries to go against the law. “I think the “Ripple Test” could be what we envision in the future. There are a lot of facts and circumstances that may be unique, but for society (…), I think it’s just the SEC trying to override the law“, explained the CEO.
One of the few truly useful businesses?
During the month of September, Brad Garlinghouse spoke with Ryan Selkis, co-founder and CEO of Messari. During the interview, he explained that “Ripple is one of the few truly scalable crypto use cases that actually solves a problem“.
“It’s not a science experiment. It is not in a test phase. On the contrary, we are trying to curb growth at the moment. The demand really exceeds our ability to answer it right now“, added the CEO of Ripple.
Garlinghouse clarified that the second quarter was not as difficult for his company as it was for others, within the crypto space. On the contrary, it wasa record quarter for Ripple “. The CEO also noticed that most of the infrastructure of XRP Ledger is managed by the company.
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