Ripple CEO Brad Garlinghouse says US SEC regulation is too aggressive. Indeed, he thinks this is not a “sound way” to regulate an industry. Moreover, according to him, this could make the United States a less attractive place for crypto businesses.
Ripple vs SEC: a lawsuit that has been going on for too long
Since 2020, the SEC has been dragging Ripple through the courts, accusing it of selling unregistered securities. Brad Garlinghouse is the CEO of Ripple, a blockchain-based digital payment network. According to, Cointelegraphhe suggested that the SEC’s regulatory approach exposes the United States to a “serious risk “. That of not being a hub for the next blockchain and cryptocurrency innovation.
Garlinghouse believes the SEC lawsuit against Ripple is a stock market policeman’s attack on the entire cryto industry. He adds that while the SEC is “ able to win “, there will be ” many other cases“.
Is Garlinghouse right to worry?
The boss of Ripple seems to think that it is possible that the SEC will scare away crypto companies from the United States. He suggested that the cryptocurrency industry has “ already started to come out » the United States. He thinks other countries like Australia, UK, Japan, Singapore and Switzerland have better regulations.
He commended these countries for taking ” time and reflectionn” to create “ clear rules of conduct adding that the approach taken by the United States is not a “sound way to regulate an industrye “. As in the past, Garlinghouse believes the outcome of his firm’s lawsuit against the SEC will be key to the future of the crypto industry.
To support Brad Garlinghouse in his “fight”, the founder of a crypto-oriented online newspaper suggested a collaboration between all crypto companies cold with the SEC. The goal would be to have more weapons to win what he called a “war”. But is such an initiative really possible, since not all causes are the same?
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
