Ripple CEO is open to settlement with the SEC, but on one condition. Ripple CEO Brad Garlinghouse wants to find a “constructive way forward” with the SEC. Details cryptocoin.com‘in.
Will Ripple agree with the SEC?
In an interview with Fox Business on September 24, Ripple CEO Brad Garlinghouse said that Ripple would be willing to settle with the US Securities and Exchange Commission if there was “absolute certainty” about XRP. To the extent that we can find a constructive way forward with the SEC, of course we want to find it. Unless there is absolute certainty about what XRP is going forward, there is no scenario in when it will decide.
Ripple is committed to educating the market and the judge about the utility of XRP: “We have a clear vision of how XRP can be an extremely powerful tool…There are many other people in the crypto community and XRP community who are doing great things with XRP,” said Ripple CEO . Garlinghosue emphasized that XRP Ledger is a decentralized open-source technology that existed before the founding of the company, comparing the native cryptocurrency to oil and gold.
“SEC is not clear”
According to Garlinghouse, the SEC’s vague statements about Ether indicate a lack of regulatory clarity. He claims the agency is ambiguous about the cryptocurrency’s status as a security: “I think there is a lack of clarity and it continues to be,” he says. Talking about possible conflicts of interest, Garlinghouse said the timing of the case was questionable: “I get this question a lot. Timing stinks. This is not a good look.” Despite complaining about the lack of clarity, the Ripple boss disagrees with the notion that crypto is like the “Wild West”, claiming that the industry is already regulated: “Crypto is regulated… The SEC may ask for more authority on this.”
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