“The facts and Law are on the side…When this is all set and done, we will have spent over $100 million on legal fees fighting the SEC… This fight is not just for Ripple; it’s for the whole Industry,” Garlinghouse said at Consensus 2022 in Austin Texas on July 15.
‘The SEC bullies companies into settlement’
“The dynamics there is that the SEC bullies companies into settlement because they cannot afford to fight,” Garlinghouse said in the interview.
Insight into why Ripple pursued the case
“The SEC current Chair Gary Gensler is walking back the [Hinman] statement around ETH. He’s been asked directly if ETH is security and he won’t answer the question,” Garlinghouse added.