Bloomberg Law
May 25, 2023, 2:22 AM

Crypto Firm Ripple’s CEO Expects Ruling on SEC Suit in ‘Weeks’

Suvashree Ghosh
Suvashree Ghosh
Bloomberg News

Ripple Labs Inc.’s Chief Executive Officer Brad Garlinghouse said he expects a court ruling on a lawsuit brought by the US Securities and Exchange Commission “in weeks, not months.”

  • Some 95% of Ripple’s customers are non-US and that’s where the company has seen a “lot of growth,” Garlinghouse also said in a session at a virtual conference
  • He said if he was to go back in time and set up the company again it wouldn’t be in the US given the regulatory backdrop there
  • NOTE: The SEC sued Ripple in 2020, alleging the company failed to register the XRP ...

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