Ripple Will Settle with the SEC If there is ‘Absolute Certainty’ About XRP

Jafrin  |  Sep 25, 2021

Ripple CEO Brad Garlinghouse has said that his company will settle with the U.S. SEC only if there is “absolute certainty” about the future of XRP cryptocurrency.

Brad Garlinghouse of Ripple Open to Settling with the XRP Case With SEC

Appearing in an interview on Sept. 24 with Fox Business, the CEO of Ripple Labs Brad Garlinghouse has said that the distributed ledger company will settle with the U.S. SEC unless there is an absolute surety of the XRP digital asset.

“To the extent we can find a constructive path forward with the SEC, we, of course, want to find that. There is no scenario though when we gonna to settle unless there is absolute certainty about what is XRP on the go-forward basis.”

He even stressed upon his vision on how XRP can be an extremely powerful tool:

“We have a clear vision of how XRP can be an extremely powerful tool...There's a lot of other people in the crypto community and the XRP community doing amazing things with XRP.”

The CEO of Ripple further claimed that the XRP Ledger is a decentralized open-source technology that pre-existed the creation of the company, comparing its native cryptocurrency to oil and gold.

 The Legal Team Have No Plans on Settling the Case

Despite Garlinghouse’s openness towards settling with the SEC, Fox News Correspondent Charles Gasparino revealed that Ripple’s legal team has assured that there are no plans to settle its lawsuit with the SEC, saying the team is  “confident they can show @GaryGensler in pursuing the case is picking winners and losers in the #Crypto business to the detriment of innovation.”

 

He went on to claim that people who are close to Ripple have said the case has hurt XPR’s domestic business in the United States, however, business is booming overseas which is “further proof the @SECGov crypto enforcement agenda is forcing innovation to occur outside the US.”

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