The Ripple boss believes crypto should be regulated by legislation and not from the SEC’s perspective.
Highlights
- Brad Garlinghouse has called on lawmakers in the U.S.
- to look into assertive statements made by Gary Gensler, the chairman of the Securities and Exchange Commission (SEC) about the American crypto industry.
- He insisted that the SEC is in charge of defining securities and not legislation.
- The Ripple boss believes crypto should be regulated by legislation and not from the SEC’s perspective.
- The company and the SEC have been in a two-year-long legal battle over securities law violations.
- The agency sued Ripple in 2020 for offering unregistered securities by selling XRP tokens.
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