Ripple CEO expresses outrage over SEC's policy as litigation unfolds RippleXRP XRPArmy XRPCommunity XRPthestandard
,"My outrage has grown as the litigation has unfolded. There is no recourse, there is no consequence for those that brought this lawsuit. The SEC's pursuit of a policy objective isn't about a faithful allegiance to the law. It's about power."
Garlinghouse also draws attention to the SEC's blatant lack of concern for individuals and companies that have been hurt by the agency's approach. He added,"There is no regard for those companies and people that this approach has harmed. We all should be outraged. The SEC has forgotten that the government works for the people."
In a 2020 suit, the SEC accused Ripple and its top executives of selling unregistered securities. According to John Deaton, the CryptoLaw founder, the SEC's actions against XRP have cost investors about $15 billion in losses.
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