United

Chair

Gary

<ul class="news-points"> 
 <li>Ripple CEO Brad Garlinghouse called Gary Gensler SEC hypocrite.&nbsp;</li> 
 <li>Garlinghouse accused the SEC of haphazardly regulating crypto space.</li> 
 <li>The SEC intends to amend its motion claiming that multiple altcoins are securities.</li> 
</ul> 
The United States Securities and Exchange Commission faces accusations of hypocrisy and haphazard regulation of digital assets under Chair Gary Gensler, particularly in its inconsistent classification of altcoins as securities. 
Critics argue this approach fosters confusion within the industry, potentially serving a political agenda rather than adhering to a “faithful allegiance to the law.” 
The chief executive of American fintech firm Ripple, Brad Garlinghouse, <a href="https://x.com/bgarlinghouse/status/1818291451136246236" target="_blank" rel="nofollow">highlighted the regulator’s hypocrisy</a> in a post on X (formerly Twitter), quoting a filing submitted by the SEC in its lawsuit against Binance, the world’s largest crypto exchange. Garlinghouse added: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Chair Gensler testifies the rules are clear, yet his SEC can’t figure them out and applies them haphazardly, festering more industry confusion. A political agenda and/or bad faith litigation tactics. Def not a ‘faithful allegiance to the law.” 
</blockquote> 
In a <a href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.256060/gov.uscourts.dcd.256060.253.0.pdf" target="_blank" rel="nofollow">filing</a>, the SEC said it “inten…
The post <a href="https://coinedition.com/ripple-ceo-criticizes-secs-haphazard-approach-to-crypto-regulation/">Ripple CEO Criticizes SEC’s “Haphazard” Approach to Crypto Regulation</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple CEO Criticizes SEC’s “Haphazard” Approach to Crypto Regulation

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