.Ripple is open to settling with SECGov, but under one condition
However, since the SEC boss views the vast majority of crypto tokens as “securities,” it creates a “conundrum” for how to settle anything. Garlinghouse recalled how many industry members had scoffed at Ripple’s warning about the significant implications of the lawsuit for the entire crypto sector. However, he claims that this is no longer the case. “Today, I think everyone acknowledges how important this is for the U.S. and the U.S. leadership around crypto.
, both Ripple and the SEC filed motions for summary judgment in September in order not to go to trial. “We think that the law is very clear,” Garlinghouse said.The Ripple CEO said that the court had ordered the SEC to turn over documents related to the infamous “Ethereum speech” of former top official William Hinman. He has stressed that the regulator has been told to hand them over on six different occasions.
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