Cardano

Chair

Polygon

<p class="is-style-lead">Ripple CEO Brad Garlinghouse sharply criticized the U.S. Securities and Exchange Commission in a recent social media post.</p>
<p>Following a decision by the <a href="https://crypto.news/tag/sec/" data-type="link" data-id="https://crypto.news/tag/sec/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> to <a href="https://crypto.news/sec-pauses-securities-allegations-against-solana-cardano-and-polygon-in-binance-lawsuit/" data-type="link" data-id="https://crypto.news/sec-pauses-securities-allegations-against-solana-cardano-and-polygon-in-binance-lawsuit/" target="_blank" rel="noopener noreferrer nofollow">pause allegations</a> that the native crypto assets of Solana (<a href="https://crypto.news/price/solana/" data-type="link" data-id="https://crypto.news/price/solana/" rel="noopener noreferrer nofollow">SOL</a>), Cardano (<a href="https://crypto.news/price/cardano/" data-type="link" data-id="https://crypto.news/price/cardano/" rel="noopener noreferrer nofollow">ADA</a>), and Polygon (<a href="https://crypto.news/price/polygon/" data-type="link" data-id="https://crypto.news/price/polygon/" rel="noopener noreferrer nofollow">MATIC</a>) are unregistered securities in its ongoing lawsuit against <a href="https://crypto.news/tag/Binance/" target="_blank" data-type="link" data-id="https://crypto.news/tag/Binance/" rel="noopener noreferrer nofollow">Binance</a>, Garlinghouse took to X to share his thoughts and call out the SEC’s inconsistent regulatory approach.</p>
<p>Garlinghouse tweeted, “More evidence of SEC hypocrisy. Chair Gensler testifies the rules are clear, yet his SEC can’t figure them out and applies them haphazardly.”&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">More evidence of SEC hypocrisy. <br><br>Chair Gensler testifies the rules are clear, yet his SEC can't figure them out and applies them haphazardly, festering more industry confusion. <br><br>A political agenda and/or bad faith litigation tactics. Def not a “faithful allegiance to the law". <a href="https://t.co/iX8IdvaW92" target="_blank" rel="noopener noreferrer nofollow">https://t.co/iX8IdvaW92</a></p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1818291451136246236?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="ripple-in-the-wake-of-the-sec-complaint-amendment">Ripple in the wake of the SEC complaint amendment</h2>
<p>The SEC announced its intention to amend its complaint involving Binance, which could offer temporary relief to these assets under allegation. They were previously under intense scrutiny and facing delistings from trading platforms due to regulatory uncertainty.&nbsp;</p>
<p>The statement did not refer to Ripple (<a href="https://crypto.news/price/xrp/" target="_blank" data-type="link" data-id="https://crypto.news/price/xrp/" rel="noopener noreferrer nofollow">XRP</a>), despite the ongoing legal dispute between the two parties. The SEC accused Ripple, as well as its executives Brad Garlinghouse and Christian Larsen, of selling unregistered securities, specifically XRP, worth over $1.3 billion to the public through their company.</p>
<p>The SEC’s motion to amend is due within 30 days of the court’s scheduling order, providing a brief respite for investors in SOL, ADA, and MATIC. Despite the SEC’s latest move, Garlinghouse’s critique underscores concerns within the crypto industry about regulatory clarity and consistency, especially with Gary Gensler in control.&nbsp;</p>

Ripple CEO accuses SEC of ‘hypocrisy’ and confusing regulations

Table of Contents

crypto.news

Outros artigos publicados em 30 de jul. de 2024

Bitcoin Exchange OKX Announced That It Has Delisted This Altcoin From Margin Trading!

Ethereum Under Pressure! Justin Sun’s $5.9M Transfer Sparks Selloff Fears

Trump’s Victory Could Spur Bitcoin to $190K, suggests AMBCrypto July 2024 Forecast

Happy Birthday Ethereum! Vitalik Buterin Reveals Major Predictions on Ethereum’s 9th Birthday!!

3 Top Memecoins That Outshined In The Crypto Market This Week

HashKey Global Expands Crypto Derivatives Offerings with New Perpetual Futures Contracts

Join our free newsletter for daily crypto updates!