Ripple CEO Brad Garlinghouse Sees a Positive Shift for Crypto in the US
Brad Garlinghouse, the CEO of Ripple, believes that the recent legal wins against the US Securities and Exchange Commission (SEC) could signal a turning point for the cryptocurrency industry in the United States.
During an interview with CNBC’s Dan Murphy, Garlinghouse expressed his opinion that the SEC will need to change its approach to regulating crypto through legal action.
He criticized the SEC for losing sight of its mission to protect investors and questioned who the agency is truly safeguarding in its pursuit.
Garlinghouse sees Ripple’s legal victories as a positive development for the entire crypto industry, suggesting that it may lead to a more favorable environment for digital assets to thrive in the US.
The SEC recently dropped aiding and abetting charges against Garlinghouse and Ripple co-founder Chris Larsen. These charges were related to the SEC’s 2020 lawsuit alleging that Ripple’s XRP token was an unregistered security. In July, the court ruled in favor of Ripple, stating that its programmatic sales of XRP did not constitute securities offerings.
Hot Take: Ripple’s Legal Wins Could Pave the Way for Crypto Growth in the US
Brad Garlinghouse’s optimism about Ripple’s legal victories is shared by many in the crypto community. As regulatory clarity improves, it could create a more conducive environment for innovation and investment in the US crypto market. If other companies benefit from similar legal outcomes, it could lead to increased confidence and growth within the industry. However, ongoing regulatory developments will ultimately determine how significant these legal wins are for shaping the future of crypto in America.
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