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Kennedy has been vocal in his support for BTC, mining, and the broader crypto industry.
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This price increase also allowed the altcoin to strengthen against its biggest competitor, Bitcoin (BTC), by about 0.71% throughout the past day.
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ETH was trading just below its daily high of $1,817.16.
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The altcoin market leader was worth about $1,814.41 after it experienced a 1.61% price increase over the past 24 hours of trading.
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Garlinghouse’s ETA on the resolution presents an expedited timeline as compared to the community sentiment, which estimated that a verdict may take months.
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Garlinghouse’s comments came during an interview with Mukaya Panich, the CEO of SCB 10X. SCB 10X is currently hosting its 4th Annual DeFi and Web3 Virtual Summit, featuring industry leaders like Circle Chief Jeremy Allaire, Arbitrum CEO Steven Goldfeder, Chainalysis CEO Michael Gronager, and Curve co-founder Michael Egorov.
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