. In a recent interview, he revealed that Ripple and the SEC are expected to resolve the dispute next week after a private meeting. For years, Ripple and the SEC have clashed over the classification of XRP, the digital asset used by Ripple, as a security.
Brad has consistently argued that XRP is not a security, a position recently supported by a judge's ruling. “This should never have become a partisan issue,” he emphasized. We seek regulation and clarity.”
Brad has frequently criticized President Joe Biden's approach to cryptocurrency regulation. Reflecting on the lack of progress, he said: “Five years ago, I highlighted the lack of clear regulations.
Now, after a lengthy lawsuit with the SEC, things are still unclear.” He also pointed to the view of SEC Chairman Gary Gensler: “Gensler considers everything to be a digital security. Despite repeated rulings against him, he continued the fight.”
Discussing his interactions with the Biden administration, Brad mentioned a recent cryptocurrency roundtable in Washington, D.C., which included both Democrats and Republicans. “It's encouraging to see them listening to the industry,” he noted.
Even though Democrats have been slower to embrace cryptocurrency than Republicans, Brad sees the discussion as a positive development. He also marked the one-year anniversary of XRP being declared not a security, describing it as an important milestone for the industry.
Brad also highlighted the progress of international cryptocurrency regulations, noting that many countries have established frameworks to oversee cryptocurrencies. “It's frustrating that America is falling behind while other countries are making progress,” he said.
He revealed that Ripple has spent more than $150 million in three years of court battles, lamenting that the United States remains mired in litigation while other countries move forward.
