Stuart Alderoty, general counsel of Ripple Labs, stated that the lawsuit filed by the SEC could be completed next year.
The Ripple official, who made the statement on his Twitter account, thanked everyone who followed the development of the case. Alderoty also stated that Ripple and the court are working hard, and therefore it expects the decision on the case to be obtained in 2023.
The SEC is trying to delay the deadline for the case.
Alderoty said that the SEC’s lawsuit against Ripple has damaged the value of XRP and harmed investors.
Ripple official also reminded that the SEC has not made any moves to stop XRP trading. Despite this, several cryptocurrency exchanges in the country such as Coinbase and Bittrex suspended XRP transactions and helped the SEC achieve its goal.
Along with its fight against Ripple, the SEC is keeping the crypto market in limbo, preventing it from expanding in the US. According to research by Biden’s team, 40 million US citizens own cryptocurrency.
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