Ripple CEO “I will try to reach an agreement with the US SEC”
While the US Securities and Exchange Commission (SEC) sued Ripple for selling unlicensed securities, Ripple CEO Brad Garlinghouse said Ripple was working on an agreement with the SEC.
According to DiCrypto on the 8th (local time), the CEO of Garlinghouse on Twitter explained the contents of the lawsuit with the SEC, saying, “We are trying to reach an agreement with the SEC.”
First of all, he said about the agreement with the SEC, “It is difficult to explain the specifics, but we made considerable efforts to reach the agreement.” I will do my best.”
Regarding XRP transaction, he said, “Ripple cannot control XRP’s listing, holding, and other activities (such as suspension of transaction support).
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In addition, regarding the question of’whether you paid a premium to the customer’, he explained, “The act of providing economic incentives to partners using our ODL products was completely’legal’.” .
After being sued by the SEC, Ripple is experiencing great difficulties such as a sharp decline in the price of XRP and the suspension of support for transactions from global cryptocurrency exchanges and liquidity providers. However, it is still gaining wide support in Japan, one of the major markets.
The industry believes that Ripple is unlikely to win a lawsuit against the SEC. In fact, both Telegram and Kik, who sued for similar charges, paid large settlements and agreed with the SEC. In particular, Telegram’s TON project was completely suspended after refunding to investors.
“The scenario that Ripple wins a lawsuit against the SEC is’a delusion’,” said Stephen Palley, partner of Washington-based law firm Anderson Kill, on Twitter. I should do it.”
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