{"id":466923,"date":"2022-06-24T00:36:31","date_gmt":"2022-06-23T21:36:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ripple-ceo-criticizes-sec-for-contradictions-on-crypto-regulations\/"},"modified":"2022-06-24T00:36:31","modified_gmt":"2022-06-23T21:36:31","slug":"ripple-ceo-criticizes-sec-for-contradictions-on-crypto-regulations","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ripple-ceo-criticizes-sec-for-contradictions-on-crypto-regulations\/","title":{"rendered":"# Ripple CEO criticizes SEC for &#8216;contradictions&#8217; on crypto regulations"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2920ab06ebc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2920ab06ebc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ripple-ceo-criticizes-sec-for-contradictions-on-crypto-regulations\/#%E2%80%9D_Ripple_CEO_criticizes_SEC_for_%E2%80%98contradictions_on_crypto_regulations_%E2%80%9C\" >&#8221; Ripple CEO criticizes SEC for &#8216;contradictions&#8217; on crypto regulations &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Ripple_CEO_criticizes_SEC_for_%E2%80%98contradictions_on_crypto_regulations_%E2%80%9C\"><\/span>&#8221; Ripple CEO criticizes SEC for &#8216;contradictions&#8217; on crypto regulations &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYjY4ZDgxZDEtNTliOC00OTQ5LWJhZDAtNmEwZjkzNmE2ZjI4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Brad Garlinghouse, the chief executive officer of Ripple Labs, has claimed the United States Securities and Exchange Commission, or SEC, has inconsistently imposed regulations on crypto firms in the country.\u00a0<\/p>\n<p>Speaking to Wired editor-in-chief at the Collision conference in Toronto on Thursday, Garlinghouse pointed to Ripple\u2019s current legal battle with the SEC, in which the federal regulator has alleged the company\u2019s executives conducted an &#8220;unregistered, ongoing digital asset securities offering&#8221; with XRP token sales. Garlinghouse referenced the SEC\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval of Coinbase\u2019s public offering in April 2021 despite the fact the crypto exchange listed XRP at the time.<\/p>\n<p>\u201cThe SEC now seems to take the position when they sued us that \u2018XRP is a security and always has been\u2019, but they approved Coinbase going public even though Coinbase is not a registered broker-dealer,\u201d said the Ripple CEO. \u201cThere\u2019s some contradictions here of the SEC almost not, within its organization, knowing left hand, right hand.\u201d\u00a0Garlinghouse added:<\/p>\n<blockquote><p>\u201cThe SEC, instead of doing the hard work to define a new set of clear rules, a new set of clear regulations [&#8230;] they instead decide we\u2019re going to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States.\u201d<\/p><\/blockquote>\n<p>Garlinghouse, Ripple co-founder Chris Larsen, and chief <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> officer David Schwartz have all leveled complaints against U.S. regulators prior to and following the SEC filing its lawsuit against the firm in December 2020. Larsen suggested in October 2020 that Ripple might consider leaving the U.S. behind given many authorities\u2019 policy of \u201cregulation through enforcement\u201d \u2014 the firm is currently headquartered in San Francisco, but also has offices in Dubai and Wyoming. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ripple counsel slams SEC for trying to bulldoze and bankrupt crypto<\/em><\/strong><\/p>\n<p>\u201cI don\u2019t think [crypto is] the Wild West at all,\u201d said Garlinghouse, in response to SEC chair Gary Gensler\u2019s characterization of the space. \u201cI think crypto certainly is a volatile asset class [&#8230;] All asset classes have a certain volatility \u2014 I don\u2019t think it\u2019s a regulator\u2019s job to determine how that volatility should be accessed by consumers, by businesses.\u201d <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8220;I don&#8217;t think it&#8217;s the wild west at all.&#8221; Ripple CEO <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/bgarlinghouse?ref_src=twsrc%5Etfw\">@bgarlinghouse<\/a> thinks the SEC isn&#8217;t painting crypto in the right light. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/iO30gVafTn\">pic.twitter.com\/iO30gVafTn<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1540085044152107008?ref_src=twsrc%5Etfw\">June 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The court case between Ripple and SEC is still ongoing, with many expecting the results to set a precedent for the regulatory treatment of cryptocurrencies in the United States.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ripple-ceo-criticizes-sec-for-contradictions-on-crypto-regulations\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Ripple CEO criticizes SEC for &#8216;contradictions&#8217; on crypto regulations &#8220; Brad Garlinghouse, the chief executive officer of Ripple Labs, has claimed the United States Securities and Exchange Commission, or SEC, has inconsistently imposed regulations on crypto firms in the country.\u00a0 Speaking to Wired editor-in-chief at the Collision conference in Toronto on Thursday, Garlinghouse pointed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":466924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYjY4ZDgxZDEtNTliOC00OTQ5LWJhZDAtNmEwZjkzNmE2ZjI4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,75034,74898,75557,70934,67874],"class_list":["post-466923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-ripple","tag-sec","tag-xrp","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/466923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=466923"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/466923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/466924"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=466923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=466923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=466923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}