InstaForex

November 24, 2021

Ripple CEO Sees XRP Glory, Case Expected To End In 2022

 The trial case between Ripple and the Securities Exchange and Commission (SEC) had a positive ending, at least that’s what Ripple’s CEO believed.


Clearly Brad Garlinghouse, the judge in charge of adjudicating the case presented good and fair questions.


This proves the court is beginning to realize this trial is not about Ripple alone but it involves a wider impact. For example, the Ripple community.


Although the process taken by the court is relatively slow, Garlinghouse predicts the case will meet an end in 2022.


Review the Ripple-SEC case



In December 2020, Ripple was accused of selling unregistered securities namely XRP and the SEC filed a lawsuit.


But Ripple immediately denied the allegations, explaining XRP is not categorized as a securities asset.


Since then, the case has been heard more transparently involving thousands of XRP investors and a confession from former SEC official William Hinman.


XRP's performance throughout the trial of the case was not very exciting. Some investors have become discouraged and some are still hoping for good news.


At the time of this writing, XRP was trading at $ 1.03, down 0.45% in 24 hours. The last time this asset was traded at an all -time high (ATH) was on April 14, 2021 with a record value, $ 1.96.