![Ripple CEO Anticipates an Answer in SEC Lawsuit Over XRP in the First Half of 2023](https://static.news.bitcoin.com/wp-content/uploads/2022/10/xrp-768x432.jpg)
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Ripple argued that XRP profits came from “market forces of supply and demand” rather than any contract between Ripple and XRP token holders.
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As the case against Ripple rages on, the SEC wants to see certain “friends of the court” in support of Ripple be barred from providing legal aid to the defense.
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“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States,” said Brad Garlinghouse.
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Brad Garlinghouse, the CEO of cross-border payments company Ripple, spoke during a panel discussion at the WEF 2022.
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