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#RIP Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement
Ripple CEO Brad Garlinghouse said the U.S. SEC’s actions toward the crypto industry have failed in protecting investors and needs to reassess its regulatory strategy.
Speaking to CNBC’s Dan Murphy at the Ripple Swell conference in Dubai, Garlinghouse expressed concern about the SEC’s focus and questioned:
The CEO said the watchdog’s enforcement approach to regulating the crypto industry has only stifled growth. He added that the industry needs a new tailor-made regulatory framework that properly considers the nuances of digital assets.
Court ruling against SEC
The criticism comes after a multi-year legal battle between Ripple and the SEC, which accused the blockchain company and its executives of conducting a $1.3 billion securities fraud by selling XRP to retail investors.
However, in a pivotal victory for Ripple in July, a judge ruled that XRP is not a security, marking a significant development in the ongoing case.
The CEO also referenced a recent victory for Grayscale, a digital asset manager, in the context of a Bitcoin ETF application. He highlighted that the federal judge presiding over the case had criticized the watchdog for being “arbitrary and capricious.”
Garlinghouse said that the watchdog may finally reassess its regulatory strategy as the enforcement approach of only filing lawsuits has not worked in its favor and only led to stifling innovation in the U.S.
Ripple CEO Brad Garlinghouse said the U.S. SEC’s actions toward the crypto industry have failed in protecting investors and needs to reassess its regulatory strategy.
Speaking to CNBC’s Dan Murphy at the Ripple Swell conference in Dubai, Garlinghouse expressed concern about the SEC’s focus and questioned:
The CEO said the watchdog’s enforcement approach to regulating the crypto industry has only stifled growth. He added that the industry needs a new tailor-made regulatory framework that properly considers the nuances of digital assets.
Court ruling against SEC
The criticism comes after a multi-year legal battle between Ripple and the SEC, which accused the blockchain company and its executives of conducting a $1.3 billion securities fraud by selling XRP to retail investors.
However, in a pivotal victory for Ripple in July, a judge ruled that XRP is not a security, marking a significant development in the ongoing case.
The CEO also referenced a recent victory for Grayscale, a digital asset manager, in the context of a Bitcoin ETF application. He highlighted that the federal judge presiding over the case had criticized the watchdog for being “arbitrary and capricious.”
Garlinghouse said that the watchdog may finally reassess its regulatory strategy as the enforcement approach of only filing lawsuits has not worked in its favor and only led to stifling innovation in the U.S.
💔 A Legend Has Left Us: Kabosu, the Doge Meme Icon, Passes Away 💔
It's with heavy hearts that we say goodbye to Kabosu, the adorable Shiba Inu who captured our hearts and became the face of the Dogecoin meme. 😭
Her iconic expression, forever frozen in time, inspired the creation of $DOGE and the Shiba Inu token, forever changing the world of cryptocurrency. 🐶🚀
Kabosu's legacy will live on, not only in the memes that continue to bring joy to millions, but also in the reminder that even the smallest creatures can have a lasting impact on the world. ✨
Rest in peace, Kabosu. You will be forever missed! 🙏
#Kabosu #doge⚡ #Dogecoin #ShibaInu #Meme #Crypto #RIP #DogeForever #DogLover
It's with heavy hearts that we say goodbye to Kabosu, the adorable Shiba Inu who captured our hearts and became the face of the Dogecoin meme. 😭
Her iconic expression, forever frozen in time, inspired the creation of $DOGE and the Shiba Inu token, forever changing the world of cryptocurrency. 🐶🚀
Kabosu's legacy will live on, not only in the memes that continue to bring joy to millions, but also in the reminder that even the smallest creatures can have a lasting impact on the world. ✨
Rest in peace, Kabosu. You will be forever missed! 🙏
#Kabosu #doge⚡ #Dogecoin #ShibaInu #Meme #Crypto #RIP #DogeForever #DogLover
Remember this post? I tried to alert people about this scam. Guess what? Turns out this IS a scam. This is the 1hr chart of this shitcoin. Dude promised it will go $1 within a month.. LOL.
RIP to everyone who followed this shitter and actually "invested". You just got scammed! But honestly, if you fell for this you deserve it. I have no idea how someone would fall for this.
Also the scammer is "N4G" or "@Need4G". This guy is still not banned, but people are turning away by themselves already. Binance Square management team needs to do their work.
#ShortMaestro #scamriskwarning #scammeralert #MemeCoinCrash #RIP
RIP to everyone who followed this shitter and actually "invested". You just got scammed! But honestly, if you fell for this you deserve it. I have no idea how someone would fall for this.
Also the scammer is "N4G" or "@Need4G". This guy is still not banned, but people are turning away by themselves already. Binance Square management team needs to do their work.
#ShortMaestro #scamriskwarning #scammeralert #MemeCoinCrash #RIP
LIVEShort Maestro
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Baisse (björn)
Disgusting act from a Binance Square creator. I have to make this post to expose this scheme. He has nearly 9k followers and completely shifted to this "meme coin" scam.
Obviously if you have a brain, you can easily tell this is a scam, this desperate guy couldn't make his money back from yoloing on shitcoins so he decided to sell out his followers. How much did you make from this petty scam? Was it worth it?
Don't fall for these "Dex memecoins". They are not going to pump to 100x. I have no idea how this guy is still not banned, but well... seems like he already dumped and is about to bail.
#ShortMaestro #pumpanddump #scamriskwarning #SolanaMemeCoins
Obviously if you have a brain, you can easily tell this is a scam, this desperate guy couldn't make his money back from yoloing on shitcoins so he decided to sell out his followers. How much did you make from this petty scam? Was it worth it?
Don't fall for these "Dex memecoins". They are not going to pump to 100x. I have no idea how this guy is still not banned, but well... seems like he already dumped and is about to bail.
#ShortMaestro #pumpanddump #scamriskwarning #SolanaMemeCoins