Ripple CEO Brad Garlinghouse said in a recent interview that he expects the SEC lawsuit against Ripple to be over in weeks. Garlinghouse’s comments come after a recent decision by Judge Analisa Torres to block the SEC’s motion to seal the controversial “Hinman documents.”
The documents refer to the securities regulator’s internal communications involving a speech of former Division Director William Hinman in 2018, when he said that Bitcoin (BTC) and Ethereum (ETH) were not securities.
Garlinghouse believes that the judge’s decision to deny the SEC’s attempts to seal the documents indicates the broader court’s sentiment toward the lawsuit. The documents are expected to be revealed to the public on June 13.
The SEC has accused Ripple of selling XRP as an unregistered security. Ripple has denied the allegations and has accused the SEC of trying to stifle innovation in the cryptocurrency industry. The case has been ongoing for over two years and has been closely watched by the cryptocurrency community.
Garlinghouse’s prediction that the case will be over in weeks is optimistic, but it is possible that the case could drag on for longer. The SEC has a history of taking a long time to resolve cases, and it is possible that the agency will appeal Judge Torres’ decision to block the sealing of the Hinman documents.
Regardless of how long the case takes to resolve, Garlinghouse’s comments are a sign that Ripple is confident that it will be victorious.
