“I Won’t Be Taking Anybody’s Side in Ripple v SEC”, Says Kevin O’Leary
While ignoring giving any comment on the litigation between Securities & Exchange Commission of the US (SEC) v. Ripple Labs, Kevin O’Leary said that he does not wish to take anybody’s side and therefore he cannot give any comments on a matter which is pending trial before a Court of law. He also said that he also cannot predict the judgment because he is not the judge nor is expert.
It is expected that SEC’s suit, which it had lodged against Ripple Labs, is going to come to an end. The case these days is the talk of the town and the majority believes that the case would be decided in Ripple’s favor. However, this is just a public opinion and in fact, the decision will be passed by a Judge of a Court of Law. But the case is one of its kind as it involves Ripple’s cryptocurrency namely “XRP” and the two leading coins, Bitcoin and Ethereum.
Kevin O’Leary, who is a famous investor and host of an American TV series, “Shark Tank”, was commenting on Bitcoins and Ethereum. During the interview, his opinion was sought on the worldwide famous case involving US’s securities regulator “SEC” and XRP’s issuing company “Ripple”. It was the regulator which impleaded Ripple and its officials in a lawsuit. According to many legal experts, the case is now at the stage where a decision can be expected at any time. Public opinion on the case is that the case will be decided against the plaintiff i.e. SEC and in favor of the defendant namely Ripple.
In this context, O’Leary too was asked to share his thoughts over the case. The interviewer wanted to know how O’Leary looks at the case and which party’s chances of winning are bright.
Instead of simply commenting on the matter, O’Leary however refused to make any comment. He said that the matter is subjudice and a Court of law is already undertaking the trial. He said that he is not a student of law nor he is a law expert and therefore cannot judge the case either. He further stated that the case does not attract any interest of him and he does not wish to take any sides in the matter.