SEC Chief and Ripple CEO to Debate Crypto Regulation at DC Fintech Week


Ripple CEO Brad Garlinghouse and SEC Chairman Gary Gensler will be the keynote speakers at DC Fintech Week from November 6-9, 2023. This announcement by the Bank for International Settlements has caused a stir in the crypto world, due to the recent developments in the legal battle between Ripple and the SEC.

Back in July, the court ruled in the company’s favour, finding that XRP wasn’t a security when sold to the public, only when sold to institutional investors. This was a response to the SEC’s 2020 decision that XRP was a security, not a currency, as it had raised over $1.3 billion in an unregistered offering in 2013.

The SEC dropped its charges against Ripple’s executive chairman, Chris Larsen, and CEO, Brad Garlinghouse, in October. This has led to high expectations for debates on cryptocurrency regulation during DC Fintech Week.

The lawsuit over unregistered XRP sales is still ongoing, and people are curious to see if it will be discussed. XRP lawyer John E Deaton has even offered to moderate the anticipated event.

Garlinghouse is likely to address the SEC’s unclear crypto regulations and the future of cryptocurrency regulation in the US, following Ripple’s legal victory against the regulator. These conversations are sure to be a central part of DC Fintech Week.

This article was generated using AI and reviewed by an editor. For more information see our T&C.

Related articles

Recent articles