Ripple CEO Brad Girlinghouse discussed the lawsuit brought by the US Securities and Exchange Commission (SEC) over XRP earlier this month in an interview with Axios at the Collision 2022 event.
The SEC sued Ripple Labs, Girlinghouse and co-founder Chris Larsen in December 2020, alleging that the XRP sale was an unregistered securities offering. Ripple disagreed with the SEC and has since been waging a legal battle with the securities regulator.
During the interview, Girlinghouse was asked what would happen if he didn't get a ruling in his favor and XRP was considered a security.