The upcoming DC Fintech Week is set to feature Ripple CEO Brad Garlinghouse and SEC Chair Gary Gensler as headlining speakers, generating excitement within the crypto community. The announcement was made by the Bank of International Settlement on their X handle, adding to the anticipation surrounding the event. Given the ongoing legal battle between Ripple and the SEC regarding the classification of XRP as a security, crypto enthusiasts are hoping for a lively debate between the two figures. Some even find it humorous that they will be sharing the same stage as speakers. The news caught the attention of market watchers, including XRP lawyer John E Deaton, who expressed interest in moderating the event. The legal dispute between Ripple and the SEC began in 2020 when the SEC claimed that XRP was a security rather than a currency. Ripple had raised over $1.3 billion in an unregistered security offering in 2013 through selling XRP tokens. The case has been closely watched by traders as it represents a high-profile example of a securities regulator targeting an initial coin offering (ICO). However, in July, the court ruled that XRP was not a security when sold on exchanges to the public, but it was when sold to institutional investors. In October, the SEC dropped its claims against Brad Garlinghouse and Chris Larsen, leading to further hearings being dismissed until April 2024. The DC Fintech Week will be an important event for both Ripple CEO Brad Garlinghouse and SEC Chair Gary Gensler, as well as for crypto enthusiasts. Taking place from November 6 to November 9, the event will cover various financial and technology-related topics.
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