Ripple CEO Brad Garlinghouse has slammed SEC Chair GaryGensler for dictating what is a security. crypto cryptocurrency bitcoin $XRP
Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time for elected officials in the U.S. to take notice,” the Ripple executive stressed.The CEO of Ripple Labs, Brad Garlinghouse, has criticized the chairman of the U.S.
For the Chair of the SEC to assert that he dictates what is a security — and not the legislation from which his agency derives its power — is beyond comprehension. It’s time for elected officials in the U.S. to take notice. “When you behave like an autocrat running a $2.2B bloated agency, why would you ever want to provide clarity about what’s ‘in or out’? Without clear jurisdiction, ambiguity masquerades as power,” Garlinghouse cautioned.in reaction to Gensler’s claim that the current securities laws “cover most of the activity that’s happening in the crypto markets.
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