#crypto2023 Ripple CEO Commenting On The Battle With The SEC: You Have To Stand Up To The Bullies Ripple

Brad Garlinghouse, CEO of Ripple, highlighted the importance of the stance taken against the US Securities and Exchange Commission (SEC), viewing their stance towards his company and the entire cryptocurrency industry as bullying-like tactics.

Speaking before the Finance Committee, Garlinghouse pointed out the extent of pressure these trusted bodies can exert and the importance of confrontation and defending rights.

It was found that many market participants viewed Ripple and its currency XRP as unique categories, but the company was seeing this as an attack on the industry as a whole, and awareness seems to have spread recently.

The importance of the confrontation between Ripple and the SEC is evident in the ruling that stated that XRP currencies are not investment contracts, and this led to renewed confidence in the currency and restored it to many trading platforms.

“Garlinghouse” expressed his great admiration for companies that resisted these bodies, such as Grayscale and Coinbase, considering that when faced with these bullies, others tend to lose and withdraw.

Garlinghouse stressed the importance of this ruling for his company, and described it as a major attack on the position of Chairman Gensler, who believes that all cryptocurrencies except Bitcoin are essentially securities.

$XRP