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Share link:In this post: Ripple’s CEO Brad Garlinghouse said their long legal battle with the SEC will end next week. Brad dislikes the lack of regulatory clarity in the U.S. and pointed out that many other countries are rolling out clear crypto regulations. Despite the XRP-is-not-a-security ruling, Brad thinks America desperately needs to regulate crypto the right way.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the info
Ripple CEO Brad Garlinghouse says the company’s long legal fight with the SEC is about to end. In a recent interview, he hinted that Ripple and the SEC will settle their dispute once and for all during the private meeting on July 25th.
For years, Ripple and the SEC have been at odds over whether XRP, the digital asset used by Ripple, is a security. Brad has always maintained that XRP is not a security, and a judge recently agreed with him. He said:
“This should have never become a partisan issue. We want regulation, we want clarity.”
Brad has criticized Joe Biden’s approach to crypto time and time again. “Five years ago, I said there was no clarity in the rules. Now, five years later, after being sued by the SEC, there’s still no clarity,” he said.
He blamed SEC Chairman Gary Gensler for making things worse, saying:
“Gensler thinks everything is a digital security. Judges have ruled against him repeatedly, but he keeps fighting.”
When asked about his discussions with the Biden administration, Brad mentioned a recent crypto roundtable in Washington, D.C., attended by both Democrats and Republicans. “It was good to see them listening to the industry,” he said.
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