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Brad Garlinghouse: SEC Using Their Meetings with Crypto Companies as Lead Generation for Enforcement Actions

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Sat, 09/25/2021 - 20:32
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Yuri Molchan
Ripple chief accuses the SEC of picking on crypto-related companies “instead of working with the industry”
Brad Garlinghouse: SEC Using Their Meetings with Crypto Companies as Lead Generation for Enforcement Actions
Cover image via ripple.com
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After his interview to FOX Business, Ripple CEO Brad Garlinghouse slammed the SEC for their actions against cryptocurrency businesses, including Ripple Labs.

He tweeted that rather than work with crypto companies and establish healthy regulation in the digital asset sphere, the Securities and Exchange Commission is picking on them and uses meetings with their reps as “lead generation for their enforcement actions”.

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Garlinghouse is positive that once the legal battle started by the SEC against Ripple is over, Ripple Labs will be “on the right side of the law and on the right side of history”.

Previously, U.Today reported that according to Garlinghouse, Ripple is open to settling all the issues with the regulatory agency but on one condition – if there’s absolute certainty about XRP.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.