Many crypto watchers over the past few days have talked about the position of XRP in the banking industry and the legal entanglement of SEC and Ripple as Russia was hit by sanctions and separated from the SWIFT system.
Verdict to come to SECond?
During the interview Fox business In the news, Ripple CEO Brad Garlinghouse shared his thoughts on the progress of the SEC v. Ripple Lab proceedings. It’s been a busy few weeks of unsealed notes, and despite the ongoing war, the XRP community wanted to know if things were looking for controversial crypto assets.
On his side, Garlinghouse said he felt that clarity was coming. He said,
“.. And as the case continues to move forward, I’m hoping for some decisions from the court sooner rather than later, as it’s related to some decisions in the court, but look. Please, it’s moving slowly …
Executives have also criticized SEC Chair Gary Gensler’s comparison of the crypto industry with the “Wild West.”
Of course, the interview could not end without covering the issues of war and sanctions between Russia and Ukraine. In this regard, Garlinghouse argued that some crypto critics do not have sufficient knowledge of how technology works and expect a total ban in sanctioned countries.
He further stated that Ripple is a “responsible actor” working with the US government.
Improving self-confidence
Garlinghouse wasn’t the only one optimistic about the Ripple vs. SEC timeline. Cryptographic lawyer John Deaton, who represents tens of thousands of XRP holders in the case, also reiterated CEO Ripple’s views on the upcoming results.
In addition, he expressed confidence that the unsealed evidence associated with Hinman’s email would help bring reconciliation or a favorable verdict to XRP investors.
I am convinced that these emails and Estabrook’s notes 📝 are huge proof of driving either a reconciliation or a final victory. All you need to do is lower the decision.
— John E Deaton (@ JohnEDeaton1) March 5, 2022
Deaton on possible decisions Explanation,
“Previously, I said either Monday today. If it wasn’t Monday, I would be shocked if it wasn’t submitted by the end of next week.”
