Ripple Labs CEO bgarlinghouse has again lashed out at the SECgov, arguing its enforcement approach to crypto has only led to consumers 'holding the bag' in bankruptcy court.
“Respectfully, those portions of Ripple were wrongly decided, and this Court should not follow them,” SEC lawyers wrote, asserting that these sales of XRP should have been deemed securities.
“SEC staff is considering the various available avenues for further review and intends to recommend that the SEC seek such review,” they added.Speaking directly to the SEC’s comments, Garlinghouse said it was “absurd” to blame a judge for simply 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 added.
Ripple Labs chief legal officer Stuart Alderoty chimed in with comments of his own, saying that trying to explain that XRP isn’t a security is like “explaining to a flat earther that the world is round.” Talking to someone who still doesn’t understand that the token itself is not the security is like explaining to a flat earther that the world is round.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Ripple CEO throws more shade at SEC for 'creating this mess'Ripple CEO Brad Garlinghouse responded to the ongoing battle between Ripple Labs and the U.S. Securities and Exchange Commission.
Les mer »
Ripple CEO Applauds Congressional Crypto ChampionsRipple CEO Brad Garlinghouse criticizes Securities and Exchange Commission (SEC) for its overreach in regulating crypto industry, following its recent decision to appeal ruling in favor of Ripple
Les mer »
IMPD regarding Broad Ripple: 'We've seen a lot of progress'Another weekend is here, and business owners say it's been quiet in Broad Ripple after the city and village association made safety upgrades three weeks ago.
Les mer »
Ripple (XRP) Forms New Partnership to Foster Stablecoin AdoptionRipple wants to test issuance of CBDCs and stablecoins through a new partnership.
Les mer »
XRP Lawyer Hints What Might Happen if SEC Gets Appeal in Ripple CaseXRP lawyer explains how SEC's appeal in Ripple case might turn out $XRP XRPArmy RippleXRP XRPCommunity XRPHolders
Les mer »