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CEO of Crypto firm Ripple says its court battle with the SEC has gone exceedingly well.

Ripple CEO Brad Garlinghouse is optimistic the company will win the battle as its lengthy court battle with the U.S Securities and Exchange Commission nears a conclusion. The San Francisco-based start-up is fighting the SEC over allegations that Ripple, Garlinghouse, and executive chairman Chris Larsen engaged in illegal security offering through sales of XRP, a cryptocurrency the company both uses commercially and is closely associated with.

Ripple has disputed the SEC’s findings, arguing XRP should be treated as a virtual currency rather than an investment contract like a stock. “The lawsuit has gone exceedingly well, and much better than I could have hoped when it began about 15 months ago,” Garlinghouse said at a CNBC-hosted fireside chat at the Paris Blockchain Week Summit Thursday. “But the wheels of justice move slowly.” Earlier this week, a judge ruled that the SEC cannot edit the contents of emails purporting to show conflicts of interest regarding how the watchdog dealt with XRP and other tokens, like ether. Ripple is “already operating in the worst case scenario,” having sold “zero” enterprise contracts to financial institutions in the U.S last year. “We’re having record growth,” he said. “It’s just outside the United States.”

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