Ripple CEO Criticizes Again "SEC, Malicious Overreaction" After Publication of Hinman's Speech
Brad Garlinghouse, CEO of Ripple (XRP), strongly criticized the US Securities and Exchange Commission (SEC) on Twitter after Hinman's speech was released. "The fact that the SEC has effectively weaponized the lack of regulatory clarity since Hinman's speech makes it hard to see them as malicious." "Sueing the founder personally is deplorable, politically motivated, and an overreaction." Stuart Alderoty, chief legal officer of Ripple (XRP), also called for a full investigation into the conflict of interest brought about by the Hinman speech on Twitter, saying that it is important to apply the law that suits the jurisdiction of the future enforcement agency.
