Ripple CEO Brad Garlinghouse has claimed that the U.S. Securities and Exchange Commission (SEC) regulations on crypto companies are inconsistent and that sanctions are stifling innovation in the country.
CEO Brad Garlinghouse, Thursday, June 23 in an interview with Wired magazine at the Collision conference in Toronto. That the SEC inconsistently regulates crypto companies in the country drew attention.
Ripple‘of SEC referring to its current legal battle with garlinghouse, SEC‘of April 2021‘also Coinbase’s on the platform XRPAlthough it lists to approve the public offering He made the following statements, referring to:
The SEC seems to be taking positions right now with a lawsuit against us saying “XRP is a security and has always been so” but Coinbase has approved their going public even though it is not a registered exchange. There are some contradictions here within the SEC’s own organization where the left hand doesn’t know what the right hand is doing.
Ripple CEO‘water also SECHe said that ‘s decision to regulate the crypto sector with sanctions has hindered innovation within the country.
Instead of working hard to set a new set of clear rules and regulations, the SEC decided to regulate with sanctions, which was not an efficient way, and I think it stifled innovation in the US.
garlinghouse, in a statement last month after the conclusion of Ripple’s lawsuit with the SEC ways to offer the company to the public He said he was investigating.