Investir.com | Editor Hari G.
Published on November 4, 2023 at 5:34 a.m. ET
Ripple CEO Brad Garlinghouse and SEC Chairman Gary Gensler are expected to be keynote speakers at the upcoming DC Fintech Week, scheduled for November 6-9, 2023. The announcement from the Bank for International Settlements (BIS) has sparked excitement within the cryptocurrency community. given recent developments in the long-running legal dispute between Ripple and the SEC.
In a surprising turn of events, Ripple’s legal battle against the SEC took a favorable turn when the court ruled in July that XRP was not a security when sold to the general public, but only when sold. was sold to institutional investors. The move clarified the status of XRP, which had been in question since 2020, when the SEC declared that and not a currency.
Following this partial legal victory, the SEC withdrew its allegations against Garlinghouse and Ripple Executive Chairman Chris Larsen in October. The move has led to heightened expectations for possible cryptocurrency regulation discussions during DC Fintech Week.
The SEC’s ongoing lawsuit against Ripple over unregistered XRP sales remains a topic of interest within the crypto community. However, Ripple’s stated desire to reach a settlement and the recent dropping of charges against its executives have fueled anticipation of a possible confrontation between Garlinghouse and Gensler on stage.
In a fun note, XRP advocate John E Deaton expressed his desire to moderate this anticipated event, promising that it would attract a large audience.
Garlinghouse is expected to criticize the SEC’s ambiguous crypto guidance and discuss the future of cryptocurrency regulation in the United States, given Ripple’s legal victory against the regulator. These discussions are likely to shape important conversations about cryptocurrency regulation during DC Fintech Week.
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Written by: Investir.com