#XRP $XRP In an interview with CNBC at DC Fintech Week, Brad Garlinghouse said he has spent too much time and energy trying to overcome the problems created by the SEC and hopes the election will put an end to “this never-ending process.”
“The federal court ruling has clearly determined that our XRP coin is not a security, but the SEC continues to cling to its failed position. It has reached the point where many federal judges agree that the financial regulator and its chairman Gary Gensler’s war on cryptocurrencies is not only wrong, but has become a form of terror against virtually all crypto assets,” Garlinghouse said.
The head of Ripple mentioned that the current government is not ready to accept cryptocurrencies. In particular, members of the Senate Banking Committee, such as Elizabeth Warren and SEC Chairman Gary Gensler, have taken an extremely antagonistic stance towards the crypto industry, “putting pressure on banks and misinforming the public.”
Earlier, SEC Chairman Gensler said his agency would continue to take a hard line on digital assets, including enforcement action, and would not create separate rules to regulate them. @Peraspera ad astra
