Ripple CEO Expects ‘Answer’ in SEC Suit by First Half of 2023

Brad Garlinghouse expects an “answer” in the US Securities and Exchange Commission’s suit against his crypto payments company, Ripple Labs Inc., by the first half of next year.

The SEC sued Ripple in 2020. The regulator alleged that Ripple and its top executives misled XRP investors because it failed to register the digital asset as a security and did not provide adequate disclosure.

Garlinghouse, Ripple’s chief executive officer, said on Tuesday that it is hard to predict the pace of court proceedings.

“I think we’ll have an answer in the first half of next year,” Garlinghouse said during ...