Ripple's fight against a lawsuit from the Securities and Exchange Commission has gone "exceedingly well," CEO Brad Garlinghouse said.
The SEC alleges Ripple conducted an illegal securities offering through sales of XRP, the world's sixth-biggest cryptocurrency. Ripple argues XRP should be treated as a virtual currency rather than an investment contract like a stock.Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during a panel discussion at the Singapore FinTech Festival in Singapore, on Monday, Nov. 12, 2018.PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with the U.S. Securities and Exchange Commission nears a conclusion.
The San Francisco-based start-up is fighting the SEC over allegations that Ripple, Garlinghouse and executive chairman Chris Larsen engaged in an illegal securities offering through sales ofRipple has disputed the SEC's findings, arguing XRP should be treated as a virtual currency rather than an investment contract like a stock.
"The lawsuit has gone exceedingly well, and much better than I could have hoped when it began about 15 months ago," Garlinghouse said at a CNBC-hosted fireside chat at the Paris Blockchain Week Summit Thursday. "But the wheels of justice move slowly."Earlier this week, a judge
…CEO says while holding a lot of the crypto and expecting to benefit financially from his own statements.
Hope to see XRP to the moon
Oh dear profplum99 said the state just crush this shit Not as clever as he thinks he is
Quem não deve não teme
Just waiting to see if Bill Hinman goes to jail ETHGate
chutchyhutch
😅 “The company owns a majority of the 100 billion XRP tokens in circulation, which it periodically releases from an escrow account to keep prices stable.” This is not true. XRP
I’m just in shock CNBC have even mentioned the Ripple case, as you’ve been almost silent for 16 months.
Brad garlic bread spend 5million on advertising why ?
I'm going LOOOOOONNNGGGG!!
Bitcoin
pawmp it bgarlinghouse
since their is a real face fighting within a legal boundary that alone makes this currency superior
bravo~ let's go to the moon
XRP
Considering moon boys been praying to capitalize on this…gonna think it’s priced in
This isn't a fight, it's just cleaning up the crap the competition scatters. ETHGate
XRP holders get an ultra rare NFT Airdrop
XRP 🚀
If it was actually going bad would the ceo ever say it was going bad.
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