Ripple CEO Brad Garlinghouse responded to the ongoing battle between Ripple Labs and the U.S. Securities and Exchange Commission.
Brad Garlinghouse responded to the ongoing battle between Ripple Labs and the U.S. Securities and Exchange Commission via a pair of tweets on Saturday.
“The SEC created this mess by proclaiming it was the cop on the crypto beat when it had no legal jurisdiction,” Garlinghouse tweeted.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Ripple CEO Brad Garlinghouse responded to the ongoing battle between Ripple Labs and the U.S. Securities and Exchange Commission via a pair of tweets on Saturday.
“Respectfully, those portions of Ripple were wrongly decided, and this Court should not follow them,” SEC lawyers argued in filing to Judge Jed Rakoff of the U.S. District Court for the Southern District of New York. “SEC staff is considering the various available avenues for further review and intends to recommend that the SEC seek such review,” they added.his opinion that"it’s absurd to blame a Judge for faithfully applying the law."
"We all know legislation — not more regulation by enforcement — is the only way forward to provide clear rules and protect retail," he said, adding:"Glad to see more members of Congress like Rep. Ritchie Torres and Patrick McHenry champion this."© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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