• Ripple Labs has been engaged in a lawsuit with the SEC for over two years.
• Charles Hoskinson believes that it might be resolved as soon as June.
• Ripple Labs CEO Brad Garlinghouse is increasingly confident and has seen a series of victories recently.

Ripple vs. SEC Lawsuit

Ripple Labs (XRP) has spent over $200M defending itself against the SEC in court for the past 29 months, but Cardano and Ethereum founder Charles Hoskinson believes it could all be resolved soon–as early as June 2021. During a recent YouTube AMA interview, he suggested that resolution could come next month when asked about the case by a viewer.

Surprise AMA Interview

AMA stands for “Ask Me Anything” and is an interactive format where viewers can ask questions directly to special guests like Hoskinson during live interviews or streams on platforms such as YouTube. When asked if he thought the Ripple case would get resolved soon, Mr. Hoskinson answered: “Yes, I do. I think it’s probably next month” without any further comment before moving on to other questions from viewers.

Increasing Confidence for Ripple Labs CEO

The confidence of Ripple Labs CEO Brad Garlinghouse has grown steadily throughout the course of this long-standing case due to various small victories won against the SEC along with XRP investors being similarly emboldened by these developments. Most notably was the unsealing of Hinman documents earlier this month which contains transcripts from William Hinman’s 2018 speech–a major victory for Ripple Labs that further strengthens their position in court against the Securities Exchange Commission (SEC).

William Hinman Documents Unsealed

The unsealed documents contain transcripts from William Hinman’s 2018 speech which shed light onto his view on cryptocurrencies and what kind of digital assets should be considered securities according to US law. This was seen as a huge win for Ripple since it brings more clarity to whether XRP should be classified as a financial security or not–which will ultimately decide its fate in court when faced with SEC accusations of violating investor protection laws by selling unregistered securities between 2013-2018.

Conclusion

It remains to be seen how things will unfold between now and then but Charles Hoskinson seems confident that things will wrap up next month which could bring some closure after almost two and half years worth of litigation between both parties involved in this high profile crypto regulatory showdown between Ripple Labs (XRP) and US government agencies such as the SEC who believe they have violated investor protection laws through their sales activities prior to 2018 when they officially registered with them officially registered