In fact, Garlinhouse said Ripple will be filing its initial response to the SEC lawsuit within weeks. He also emphasized, “The legal process can be slow!”
Q: When are you responding to the SEC? Why are you silent?
The legal process can be slow! Things may seem quiet, but there is plenty happening behind the scenes. We’ll be filing our initial response within weeks. Legal eagle @s_alderoty shares more 6/10 https://t.co/PIAsgohcG5
— Brad Garlinghouse (@bgarlinghouse) January 7, 2021
Ripple tried to settle with the SEC
The Ripple CEO also disclosed that they tried to settle with the SEC and will continue to do so with the new administration. He explained that he cannot provide further details about their efforts.
Q: Why didn’t Ripple settle with the SEC?
Can’t get into specifics, but know we tried – and will continue to try w/ the new administration – to resolve this in a way so the XRP community can continue innovating, consumers are protected and orderly markets are preserved. 2/10