Ripple (XRP) CEO Brad Garlinghouse made harsh statements against the regulator after the initial positive decision from the SEC lawsuit.
Brad Garlinghouse was tough on the US Securities and Exchange Commission (SEC). The CEO recently told Bloomberg that the SEC “overbearing” while the regulator institution by hunting weak players blamed.
The judge in the SEC-Ripple case, which has been going on for more than two years, favors Ripple first significant decision announced last week. Garlinghouse, who did not hesitate to use sharp expressions against the SEC with his victory euphoria, included the following words in his statement:
I think the SEC is acting like a bully and going after weak players who can’t defend properly.
Garlinghouse said in his statement that the corporate sale decision was “in the case”.smallest part” evaluated. However, the SEC’s to the court of appeal If the judge carries the decision, Analisa Torres will not retract and first announced will reinforce the judgment. suggested.
As a matter of law, currently the country’s law is that XRP is not a security. It will take years for the SEC to appeal, and we remain optimistic at this point.
Despite the decision announced by the judge in favor of Ripple, the lawsuit between the SEC and Ripple no clear result. Market analysts think the SEC will take the case to appeals court and the process could be extended.