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Rumors Spreading That Ripple-SEC Lawsuit Has Ended In Settlement; Ripple CEO’s Comments Give Hints


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Rumors are spreading that the lawsuit between Ripple, the US-based cross-border payments firm, and the United States Securities and Exchange Commission (SEC), has ended in a settlement. The recent Ripple CEO Brad Garlinghouse’s statement, which was quoted in a tweet by Attorney Jeremy Hogan, is suggesting something similar.

It can be recalled that the lawsuit was filed by the SEC in December 2020 against Ripple and two of its top executives, Brad Garlinghouse and Chris Larsen, for the sales of XRP as an unregistered security.

Per the source, Ripple and the SEC have reached a consensus on the basis of the settlement. The source also said all staff involved in the case have been reassigned. Another source added that an official announcement is expected to follow in the coming weeks.

XRP the Standard Productions tweeted, “Anyone else heard the rumour? Settled. All staff on the SEC vs Ripple case have been reassigned. A week until the news in public. SEC now hiring to prosecute illegal currencies. The beer in your hand is now champagne. Your VW is now a lambo. The GF that dumped you is calling XRP.”

Another Indication of a Possible Settlement

Ripple CEO, Brad Garlinghouse, in a recent Fox Business interview, said the SEC Chair, Gary Gensler stated during an interview that the regulatory agency will lose some of its cases.

Although it’s not yet clear whether he’s referring to the SEC’s case with Ripple.

As recently quoted by Attorney Jeremy Hogan in a tweet, Brad Garlinghouse said, "I was meeting with Chairman Clayton, I met with SEC Commissioners, no one ever once said 'XRP is a security'."


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8 hours ago, CryptoPitbull said:

Unfortunately, the XRP the standard productions twitter account is a parody account. Nothing it says is to be taken seriously. All they do is post nonsense like this.

Yes total parody account... they actually post some pretty funny stuff, but nothing that can ever be believed!

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