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Ripple CEO Challenges Former SEC Official's Crypto Criticism
According to U.Today, Ripple CEO Brad Garlinghouse has responded to remarks made by former SEC official John Reed Stark during a recent episode of "60 Minutes." Stark criticized cryptocurrencies, labeling them as a societal "scourge" and asserting that crypto tokens are securities. These comments sparked backlash within the XRP community, with Garlinghouse accusing Stark of being a "shill" for SEC Chair Gary Gensler.
Garlinghouse clarified that he has never interacted with Gensler, stating, "I’ve never spoken, met or even been in the same room as Gary Gensler." He expressed hope that his former boss, Paul Atkins, might assume the role of SEC Chair and reverse many of the non-crypto initiatives and cases that occurred under Gensler's leadership. Stark, in a social media post, predicted that Atkins, known for his pro-crypto stance, could become the greatest SEC Chair in history.
Garlinghouse criticized Stark's statements, arguing that they were "provably false" and suggested that "60 Minutes" could have fact-checked them before airing. He further contended that the SEC's failure to protect investors was the real "scourge of society." Garlinghouse also noted that "60 Minutes" omitted a significant portion of his interview, including his assertion that XRP is not a security.
Garlinghouse clarified that he has never interacted with Gensler, stating, "I’ve never spoken, met or even been in the same room as Gary Gensler." He expressed hope that his former boss, Paul Atkins, might assume the role of SEC Chair and reverse many of the non-crypto initiatives and cases that occurred under Gensler's leadership. Stark, in a social media post, predicted that Atkins, known for his pro-crypto stance, could become the greatest SEC Chair in history.
Garlinghouse criticized Stark's statements, arguing that they were "provably false" and suggested that "60 Minutes" could have fact-checked them before airing. He further contended that the SEC's failure to protect investors was the real "scourge of society." Garlinghouse also noted that "60 Minutes" omitted a significant portion of his interview, including his assertion that XRP is not a security.
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