Ripple CEO Brad Garlinghouse Challenges SEC's Stance on Digital Assets at Conference. 👀
At the recent "The Future of Digital Assets" conference, Ripple CEO Brad Garlinghouse made waves with a bold speech that challenged the status quo of cryptocurrency regulation. Here's a rundown of the key points from his address:
Garlinghouse didn't hold back, asserting that both Ethereum and XRP are not securities, directly opposing the SEC's classification. He even went as far as calling SEC chairman Gary Gensler "an unethical person," reflecting Ripple's ongoing legal battle with the regulatory body.
While the SEC maintains its stance that most cryptocurrencies (excluding Bitcoin) should be registered as securities, Garlinghouse confronted this view head-on, emphasizing Ripple's advocacy for regulatory clarity in the crypto space.
Garlinghouse highlighted the growing enthusiasm within the XRP community, citing the increasing number of community-driven events like XRP Las Vegas and XRPL Apex. This strong community engagement underscores the support behind Ripple and its native digital asset.
Optimistically, Garlinghouse expressed his belief in the development of native capabilities within projects built on the XRP Ledger, signaling a bright future for the XRP ecosystem.
In summary, Brad Garlinghouse's speech at "The Future of Digital Assets" conference was a rallying cry against the SEC's classification of cryptocurrencies, particularly Ethereum and XRP. Ripple's commitment to challenging regulatory ambiguity and fostering community engagement within the XRP network remains steadfast as it navigates legal challenges and advocates for regulatory clarity. The broader crypto community eagerly anticipates further developments in this ongoing saga. Stay tuned for updates as Ripple continues to shape the future of digital assets.
