Ripple confident of SEC dropping lawsuit against XRP

It could be recall that the Securities and exchange commission (SEC) field a law suit against Rippl lab. Inc. which native token is Ripple. The lawsuit state that XRP is not a cryptocurrency since it owned by Ripple Lab that Ripple is a security .

Amid the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple’s legal team reportedly said that they have no plans to settle with the securities watchdog.

They are confident that SEC Chairman Gary Gensler will be convinced that pursuing the case is picking winners and losers in the crypto business to the detriment of innovation.

  • Ripple’s legal team told Fox Business that it has no plans to settle the lawsuit with the U.S. Securities and Exchange Commission (SEC), Charles Gasparino reported. He tweeted Friday:

Ripple’s legal team tell Fox Business they have no plans to settle with SEC over lawsuit on XRP, confident they can show Gary Gensler in pursuing the case is picking winners and losers in the crypto business to the detriment of innovation.

The SEC sued Ripple Labs, its CEO Brad Garlinghouse, and co-founder Chris Larsen in December last year over the sale of XRP.

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