Brad Garlinghouse, CEO of crypto payment services company Ripple, stated that the judiciary was not to blame in the SEC-Ripple case and that the SEC was creating confusion.
Brad Garlinghouse posted on his official social media account on July 23. in the shipment, of the US Securities and Exchange Commission (SEC) Ripple judgments in the case “wrong” with the strengthening of the possibility of the institution to appeal protection of individual investors addressed the discussions.
in the past weeks SEC-XRP in his case Judge Analisa TorresIf XRP is sold to individual investors, this is a part of the transaction. not be considered a sale of securities. had decided. This decision, SEC Chairman Gary Gensler by individual investors unprotected for leaving regulator for one disappointment was described as.
Garlinghouse said the real mess at this point was the SEC itself. not having the authority in the cryptocurrency ecosystem inspector He claimed that it was because he declared it. The CEO says that the SEC’s stance is having an impact on individual investors. negative effects expressed it in the following terms:
Where has this brought us? Consumers left their bags (savings) in bankruptcy courts while the SEC held press conferences.
In addition, Garlinghouse recently announced that the SEC’s Terraform (LUNA) in his case XRP their decision on declaration about too in various discourses found.
For defense of the Terraform front XRP Upon precedent for its decision, SEC lawyers wrong that and probably will be appealed this argument from the trial judge by saying ignore they had requested.
CEO, a judge’s laws accordingly faithfully practiced for the critic illogical said that. Individual investors “sanction” not with by enacting legislation Suggesting that it can be protected, Garlinghouse, crypto-friendly representatives in this regard Ritchie Torres And from Patrick McHenry spoke highly of.
Ritchie Torres last week to Gensler In a letter addressed to the cryptocurrency ecosystem, stop attacking had stated that it was necessary.