Blockchain company Ripple attributes its hopes for the ongoing litigation process to crypto enthusiast MIT professor Gary Gensler, who is expected to be approved as the new president of the SEC later this month.
When asked in a recent Bloomberg interview if there is any possibility of a deal, CEO Brad Garlinghouse said he hoped to “reconsider” such issues with the new management:
“Hopefully, when a new administration comes to the SEC, there is an opportunity to revisit some of these conversations… As the new team of leaders engages, there is an opportunity to talk with them what can be done for Ripple and indeed the entire crypto industry.
Garlinghouse continues to argue that the XRP complaint filed by former SEC chief Jay Clayton in late December does not make sense since the coin had been traded for eight years. As the trial stretches into its fourth month, the executive named defendant, along with Ripple’s co-founder Chris Larsen, says his company will fight “violently” with the case.
“Actually, we intend to combat it with violence. From our point of view, what is happening here is not just a lawsuit against Ripple, it actually goes completely against the crypto industry. “