Ripple CEO Brad Garlinghouse said in a recent interview that he expects the company’s prolonged legal battle against the US Securities and Exchange Commission (SEC) to be over in weeks.
In an interview with Mukaya Panich, the CEO of SCB 10X, Garlinghouse said he expects the court case resolution “in weeks, not months,” following the recent court news regarding the Hinman emails would be made public.
The Hinman emails refer to internal communications involving a speech of former Division Director William Hinman in 2018, when he said that Bitcoin (BTC) and Ethereum (ETH) were not securities. The SEC has been trying to keep these emails sealed, but a judge recently ruled against the agency.
Garlinghouse believes that the judge’s decision to deny the SEC’s attempts to seal the documents indicates the broader court’s sentiment toward the lawsuit.
“I think it’s a very positive sign for us,” Garlinghouse said. “It shows that the judge is taking our case seriously and that she’s not going to give the SEC a pass on this.”
The documents are expected to be revealed to the public on June 13. Garlinghouse believes that these documents will be “very damaging” to the SEC’s case.
“I think it’s going to be very hard for the SEC to continue to argue that XRP is a security after these documents are released,” Garlinghouse said.