The legal faceoff between Ripple and the U.S. SECGov isn't just about principle. Ripple CEO bgarlinghouse estimates a staggering $200 million price tag on the dispute.
Garlinghouse reportedly told onlookers at the Dubai Fintech Summit that he would not advise crypto entrepreneurs to set up in the U.S., adding that the country puts politics ahead of policy.
Ripple, along with several of its executives, was sued by the securities regulator in 2020 over the unregistered sale of XRP tokens worth around $1.3 billion. The same year, the firmSince the collapse of crypto exchange FTX last year, the SEC has cracked down on some of the biggest players in the industry over violations of federal securities laws – although it recentlyRipple has historically kept its distance from XRP, which powers some of Ripple’s products.
A judgement on the SEC case is expected in the next three to six weeks, according to the report. Hopes that the lawsuit would go in Ripple's favor caused the
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