The CEO of Ripple, Brad Garlinghouse, has hinted that the XRP lawsuit might come to an end on September 21. Despite some slight gains in XRP’s price, it has remained bearish throughout the week. Garlinghouse has questioned why XRP has been targeted in the SEC litigation and is hopeful for a quick resolution, possibly by the end of summer.
In a recent interview, Garlinghouse expressed uncertainty about the exact timeline but suggested that a decision could be made by September 21, emphasizing XRP’s unique regulatory status in the US. He criticized the regulatory environment in the US and accused SEC Chair Gary Gensler of being hostile towards cryptocurrencies.
Despite the challenges, Ripple continues to advocate for clearer regulations and more favorable conditions for cryptocurrencies in the US. Ripple’s CTO, David Schwartz, highlighted the growth of their business outside the US, emphasizing the importance of regulatory clarity in international markets.
The price of XRP is currently around $0.4843, with a slight increase of 0.93% from the previous day. However, it has seen a bearish trend over the past week, dropping by 7.38%. Former Ripple executive Sean McBride believes that prices may remain low until a ruling is made by Judge Torres.
Ripple recently filed papers related to the SEC’s request for judgment and remedies as part of their legal strategy to protect private data. Despite the ongoing legal battle, Ripple remains focused on navigating the regulatory landscape and ensuring the growth of their business.