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Ripple CEO Brad Garlinghouse Responds To SEC Lawsuit
Summary: Ripple CEO Brad Garlinghouse has responded to several questions surrounding the Securities and Exchange Commission's lawsuit against his firm in a recent tweet. His opening tweet notes that he will not be able to exhaust the conversation in a Twitter thread and that he is restrained somewhat by the litigation process. Garlinghouse assured followers that ...
Ripple CEO Brad Garlinghouse has responded to several questions surrounding the Securities and Exchange Commission's lawsuit against his firm in a recent tweet.
His opening tweet notes that he will not be able to exhaust the conversation in a Twitter thread and that he is restrained somewhat by the litigation process. Garlinghouse assured followers that Ripple attempted to the SEC, but was unable to strike a deal. He denied allegations that Ripple paid exchanges to list XRP, highlighting that "XRP is one of the most liquid (top 3-5) digital assets globally, and 95% is traded outside the US."
He assured followers that the firm was working on a response to the suit, but that the legal process moves slowly.
"We’ve moved from lack of regulatory clarity to regulatory chaos in the U.S," he wrote. "This is why regulation by enforcement is such bad public policy. With the new administration, we expect #DCEA to be reintroduced - common-sense legislation providing clarity to the entire industry."
By Emily Mason
Tags: Brad Garlinghouse,Ripple,Securities and exchange commission,XRP
Link: Ripple CEO Brad Garlinghouse Responds To SEC Lawsuit [Copy]
