Ripple CEO and SEC Chairman will attend DC Fintech Week

Washington, D.C. FinTech Week (Washington Fintech Week) will begin on November 6, with Ripple CEO Brad Garlinghouse and SEC Chairman Gary Gensler as keynote speakers.

This has made the crypto community extremely excited and nervous, looking forward to interesting conversations and discussions at DC Fintech Week 2023.

The Bank for International Settlements, which co-sponsored the event, shared updates from speakers on X (formerly Twitter).

Brad Garlinghouse and Gary Gensler appear together at the same event

Take a look at Ripple vs. U.S. Securities and Exchange Commission Cryptocurrency enthusiasts are hoping to spark some heated internal debate over whether XRP is safe.

A list of notable speakers including Ripple CEO Brad Garlinghouse and SEC Chairman Gensler attracted the attention of cryptocurrency enthusiasts, who speculated that the two might eventually speak at Meet at this event.

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However, among all the comments and tweets, it was the X post shared by XRP lawyer John E Deaton that caught the attention of market watchers.

Interestingly, John said: “The Bank for International Settlements should let me moderate this event and let me ask questions. I guarantee you it will get attention.”

A closer look at the legal ‘dilemma’

The legal battle between Ripple and the SEC began in 2020, with the US SEC declaring Ripple’s XRP to be a security rather than a currency.

It is worth noting that the developers of Ripple Blockchain The creator of the XRP cryptocurrency token raised more than $1.3 billion in 2013 by selling XRP in an unregistered securities offering.

This issue has attracted the attention of cryptocurrency enthusiasts and has important implications for traders, as it is a prime example of securities regulators targeting the issuance of ICOs.

However, amid ongoing litigation and legal battles, courts found in July that XRP (and by extension the cryptocurrency) were not securities when sold to the public on exchanges, but not when sold to institutional investors.

In October, the SEC voluntarily dismissed complaints against Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen. Following this decision, further hearings scheduled for April 2024 will be cancelled.

After a dramatic legal battle, DC Fintech is set to become a major event for Ripple CEO Brad Garlinghouse, SEC Chairman Gary Gensler, and cryptocurrency enthusiasts.

DC FinTech Week is scheduled to take place from November 6 to November 9 to discuss a range of finance-oriented issues and technology.

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