Ripple CEO Brad Garlinghouse showed excitement at the support he received from community members at the ongoing XRP Las Vegas 2023 conference. In a tweet, Garlinghouse acknowledged the group’s camaraderie, noting how the community stood by and supported Team Ripple as they fought “the good fight”.
Garlinghouse addressed excited supporters during the conference, appreciating their support over the years since the legal battle between Ripple and the Securities and Exchange Commission (SEC) began.
He said,
Ripple has been involved in a protracted legal battle with the SEC after the latter accused it of conducting an unregistered securities offering by selling XRP tokens. The SEC’s complaint alleged that Ripple and its executives, specifically Brad Garlinghouse (CEO) and Chris Larsen (co-founder and executive chair), had raised over $1.3 billion by selling XRP to investors since 2013.
In December 2020, the SEC and Ripple filed their reply briefs, supporting their respective motions for summary judgment. After the filing, Ripple General Counsel Stuart Alderoty celebrated its defense, noting that his company has always “played it straight with the court.”
Since the December filing, the Ripple community and the entire crypto industry have waited for the court’s decision. Ripple says it anticipates a summary judgment in 2023, hoping the court will rule in its favor. However, the judgment’s timing is ultimately up to the court.
The XRP Las Vegas 2023 conference was a two-day event exclusive to XRP community members. The event was scheduled for May 6 and 7, 2023, and organizers have dubbed it the “XRPArmy Conference of a Lifetime.”
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Source: Cryptocurrency - investing.com
