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The SEC’s Focus on “Power and Politics” Criticized by Ripple CEO in Ongoing Lawsuit

The SEC has put ‘power and politics’ over ‘sound policy,’ says Ripple CEO

Key Points:

  • Ripple CEO Brad Garlinghouse accuses the U.S. SEC of prioritizing “politics and power” over creating “sound policy.”
  • Garlinghouse criticizes the SEC for sowing confusion in the crypto market instead of providing clear rules.
  • Ripple has been dealing with an ongoing lawsuit filed by the SEC alleging that the company conducted an unregistered securities offering.

Hot Take:

Ripple CEO Brad Garlinghouse isn’t holding back in his criticism of the U.S. SEC. Accusing the regulatory watchdog of prioritizing “power and politics” over “sound policy,” Garlinghouse highlights the confusion that the SEC’s actions have created in the crypto market. With Ripple already facing a lawsuit from the SEC, tensions between the company and the regulatory body continue to escalate. It remains to be seen how this battle will play out, but it’s clear that Garlinghouse isn’t pulling any punches in his fight against the SEC.

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