Ripple CEO Expects Conclusion to SEC Court Case Early Next Year

Ripple chief executive Brad Garlinghouse said believes the company's lawsuit with the Securities and Exchange Commission (SEC) will conclude “in the first half of next year.” The post Ripple CEO Expects Conclusion to SEC Court Case Early Next Year appeared first on BeInCrypto.

Timeline of Xrp

The long-standing legal battle between Ripple and the SEC in the US has not stopped the firm from advancing into other markets. For example, ripple announced its first On-Demand Liquidity partners (ODL) in France and Sweden via press release.

Payment company Ripple announced a partnership with a payment provider for the online marketplace Lemonway. This is the first France-based customer that will leverage RippleNet's On Demand Liquidity (ODL) solution, supported by XRP.

XRP price slows down after several days as price remains bullish despite showing weakness. XRP trades above 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs with the emergence of bearish divergence.

On Tuesday (October 11), entrepreneur David Gokhshtein, who is Founder and Chairman of crypto-focused media outlet Gokhshtein Media, explained why he is wondering if he should be buying more XRP. On 30 September 2022, Gokhshtein said that those who keep dumping on XRP are inadvertently helping to grow the XRP community.

Judge Analisa Torres has reportedly approved I-Remit and Tapjet's requests to file amicus briefs to defend Ripple Labs in the ongoing SEC vs. The post Judge approves amicus briefs filed in Ripple's defense – judgement expected H1 2023 appeared first on CryptoSlate.

According to a recent tweet, Ripple has made significant strides in both France and Sweden. Ripple made history in France by forming a partnership with Lemonway, a payment provider for online marketplaces, and in Sweden by forming a partnership with Xbaht, a money transfer provider.

The Ripple v SEC case has been droning on for a very long time now. However, the end could be closer than we think. As per Ripple CEO- Brad Garlinghouse- the ongoing legal lawsuit is about to find its end, but not earlier than a few months.

The U.S. Securities and Exchange Commission (SEC) vs Ripple lawsuit will now see more participants but as friends of the court. In the latest ruling, Judge Analisa Torres has granted I-Remit's and TapJets' requests to file amicus briefs in the XRP case.

Garlinghouse stated to panelists at the DC Fintech Week conference on October 11 that he anticipates the lawsuit against his company to be resolved in the first half of 2023, while he acknowledged that it was difficult to forecast.

The XRP price has recorded a 0.5% gain in the past 24 hours, and is up by 1.5% in the past week. At $0.488148, it has also risen by 37% in the last 30 days, buoyed by market expectations that Ripple's ongoing legal tussle with the SEC has entered its end phase.