According to Ripple CEO Brad Garlinghouse, the lawsuit against XRP could conclude in a matter of months, and most likely with a favorable outcome, Cointelegraph writes.

Garlinghouse said at the World Economic Forum in Davos that he expects the firm’s long-running dispute with the U.S. Securities and Exchange Commission (SEC) to be concluded very soon, by June, as both sides have fully presented and laid out their arguments in a U.S. District Court.

“We expect the judge’s decision in 2023. I am optimistic and believe the case will be closed in the coming months.”

Garlinghouse and investors believe that the facts, the law and the courts will ultimately side with Ripple. That said, he believes that the SEC’s behavior demonstrated throughout the litigation has been embarrassing in some instances, “The SEC’s behavior has been embarrassing to the U.S. citizenry in some instances.”

He noted that his company had tried several times to meet with the regulator to seek clarity on the rules for dealing with XRP, specifically whether it could be a security.

He said the SEC and its head, Gary Gensler, have very openly stated that they view almost all cryptocurrencies as securities.

The lawsuit was initiated by the SEC in December 2020, alleging that Ripple was illegally selling its XRP token as an unregistered security.