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

Coin Edition

在 2024年7月31日發表的其他文章

Trump vs SEC (TRUMPSEC) Will Explode 19,000% Before Exchange Listings, While Shiba Inu and DOGE Lag

Paul Krugman Slams Trump's Bitcoin Advocacy: Nobel Laureate Calls It 'Government Bailout Of A Sca...

What’s Driving SEI’s Double-Digit Rally? Insights into the World’s Best Crypto Presales

Bank of Japan Raises Interest Rates and Impacts Crypto Market

Top Three Crypto Currencies Under $1: Kaspa (KAS), Sandbox (SAND) and Presale Gem RollBlock (RLBK)

Ethereum ETF Records A Positive Inflow For The First Time Since Launch!

訂閱免費電子報，每天收取加密貨幣最新動態！