The ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) shows no signs of coming to a settlement any time soon, according to recent comments made by Ripple CEO Brad Garlinghouse and General Counsel Stuart Alderoty on Twitter.
Their criticisms against the SEC have drawn the attention of XRP enthusiasts, who believe that this means there won't be any resolution to the lawsuit anytime soon.
In particular, pro-XRP lawyer Bill Morgan has noted that Garlinghouse and Alderoty's comments indicate that they are unwilling to back down from their defense of Ripple's business practices. He suggests that this could lead to a prolonged legal battle between the two entities.
The lawsuit was originally filed by the SEC in December 2020, alleging that Ripple had sold $1.3 billion worth of unregistered securities through its XRP token. The case has been closely watched by members of the cryptocurrency community, many of whom see it as a test case for how regulators will treat digital assets going forward.
Despite their confident tone on social media, however, both Garlinghouse and Alderoty have previously indicated that they would be open to settling with the SEC if it meant putting an end to what has become a costly legal battle for both parties.
For now though, it seems that neither side is willing to budge. As always with complex legal disputes like this one, only time will tell how things will ultimately play out.