others

Ripple CEO & SEC Chair Sharing Stage Sparks Crypto Speculation – Crypto News

Published

3 years ago

November 4, 2023

Dripp

The upcoming DC Fintech Week, starting on November 6, will host Ripple CEO Brad Garlinghouse and SEC Chair Gary Gensler, as headlining speakers.

The update has left the crypto community all excited and in suspense, with an expectation of interesting conversation and discussions, at the DC Fintech Week 2023.

The update about the exciting headlining speaker panel was shared on the X (formerly Twitter) handle of the Bank of International Settlement, which is co-regulating the event.

Brad Garlinghouse & Gary Gensler To Share The Same Stage

Considering the legal battle of Ripple and SEC over XRP being security or not, crypto enthusiasts are hoping to get some heated debate and insiders.

The list of headlining speakers, featuring Ripple CEO Brad Garlinghouse and SEC Chair Gensler, caught the attention of crypto enthusiasts, who are speculating that the duo may eventually cross paths during the event.

An X user described the development and both the parties, who are fighting a legal battle on the same stage as speakers, to be hilarious.

However, of all the comments and tweets, what caught the market watchers’ attention was the X post shared by the XRP lawyer John E Deaton. Hilariously, John said, “BIS should let me moderate this event, allowing me to ask questions. I guarantee you it would get the eyeballs.”

A Closer Look Into The Legal Woes

The legal battle between Ripple and the SEC started in 2020, with the U.S. SEC claiming Ripple’s XRP to be security instead of currency. Notably, Ripple, the blockchain developer and creator of the XRP cryptocurrency token raised more than $1.3 billion in 2013 by selling XRP in an unregistered security offering.

The matter was highlighted by crypto enthusiasts and was significant for the traders, as it was a high-profile example of a securities regulator targeting an initial coin offering (ICO). However, amid the ongoing court proceedings and legal fight, in July, the court found that XRP (and thus cryptocurrency) was not a security when sold to the public on an exchange, but it is when sold to institutional investors.

It was in October that the SEC voluntarily dismissed their claims against Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen. With this decision, the further hearings likely to happen in 2024 April, stands dismissed.

After the dramatic Legal fight, the DC Fintech is going to be a major event for Ripple CEO Brad Garlinghouse, SEC Chair Gary Gensler, and crypto enthusiasts.

The DC Fintech Week is scheduled between November 6 to November 9, to discuss several financial and technology-oriented matters.