Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has expressed confidence in the SEC vs Ripple lawsuit being settled this year, noting that a final ruling might come before June 30.

Speaking on the sidelines of the World Economic Forum in Devos, the Ripple executive revealed that he was satisfied with the Ripple team’s defence. He also noted that they were open to a settlement with the U.S. Securities and Exchange Commission (SEC), despite the regulator’s continued insistence on most cryptocurrencies being securities.

“The case is now fully briefed. We’re optimistic that this will be resolved in 2023 and maybe the first half,” Brad said in an interview with CNBC. “So, we will see how it plays out from her but I feel very good about where we are relative to the law and the facts.”