- The president noted that it was unperturbed by the SEC’s theatrics, and would see the case to the very end.
- The firm’s hiring concentration remained outside the U.S.
Monica Long, Ripple’s [XRP] president, told CNBC that the firm was ready to fight all the way through in its case with the U.S. SEC. The ongoing lawsuit, which started in 2020, has been filled with twists and turns.
Read Ripple’s [XRP] Price Prediction 2023-2024
In July, U.S. District Judge Analisa Torres proclaimed that XRP was not a security, and gave Ripple a partial win over the regulator. However, the SEC, dissatisfied with the judgment, has requested permission to file an interlocutory appeal, which was still pending at press time.
Ready to roll in the mud
However, according to Long, the SEC’s appeal application would not deter Ripple from standing its ground. In the 11 September interview, Monica said that Ripple was not concerned about the longevity of the case. Rather, it was only focused on proving that the initial judgment was a fact.
She said,
“We also got clarity in that lawsuit. And the judge’s order in that case said very clearly XRP in and of itself is not a security, which kind of opens the doors to us to really expand our business — not just in the U.S. but even more globally.”
Since the SEC publicly revealed that it would file an appeal, there has been speculation that Ripple might settle
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Author: Victor Olanrewaju
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