Ripple President Expects Positive Resolution to SEC Lawsuit by End of 2023
Monica Long, the president of Ripple Labs, recently spoke to CNBC about the ongoing lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple, alleging that its XRP token is a security.
She has long expressed her optimism that the lawsuit would be ruled in Ripple’s favor, stating that the “facts and the law” were on their side.
Long also noted that the crypto industry is seeking regulatory clarity and certainty from the US market regulator and that while the industry has seen action through enforcement, it really desires clear rules and regulations.
Considering the strength of Ripple’s case, she explained that the SEC’s losing the lawsuit is unlikely but that regulatory clarity would benefit the entire industry, not just Ripple.
The Ripple president stated that a ruling in the SEC lawsuit against the company could be delivered before the end of 2023. Both Ripple and the SEC have filed motions for summary judgment, leaving the decision in the hands of the judge. Long expressed optimism that a positive resolution would be reached sometime this year.
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Regarding recent events such as the closure of crypto-friendly banks, Long believes that the recent crypto rally proves that crypto assets and blockchain technology are here to stay.
She noted that despite the sudden loss of three of the most crypto-friendly banks in the US, the industry had shown resilience and revived itself quickly. Long expressed her confidence that the industry will continue to grow and develop in the coming years.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
