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Ripple boss tips when SEC case will end as Hoskinson hits back at XRP army

Ripple boss tips when SEC case will end as Hoskinson hits back at XRP army thumbnail

Optimistically speaking, Brad Garlinghouse thinks the case will be concluded in 3-4 months, though it could take longer.

According to Ripple CEO Brad Garlinghouse, the long-drawn-out battle between Ripple and the U.S. Securities and Exchange Commission is nearing its conclusion — but it could still take many months.

The native token XRP has been on a tear over the past month thanks to increased speculation about a successful resolution to the case before the end of the year.

On Oct. 11, Garlinghouse told panelists at the DC Fintech Week conference that he expects the case against his firm to come to a conclusion in the first half of 2023 but admitted that it was hard to predict.

The action by the U.S. securities regulator was initially filed in December 2020 accusing the company of conducting an unregulated securities sale with its XRP token. It has been a long drawn-out affair and Garlinghouse said that it was a bellwether case for the U.S. and wider crypto industry. He added it will be fully briefed and in front of the judge by mid-November.

“Federal judges work at their own pace,” he stated before adding “optimistically we’

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