iXRP

Ripple Alpha

<p>The post <a href="https://cryptosnewss.com/ripple-ceo-brad-garlinghouse-criticizes-sec-for-ignoring-xrp-ruling-claims-agency-oversteps-legal-authority/" rel="noopener noreferrer nofollow">Ripple CEO Brad Garlinghouse Criticizes SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.</p><p></p><p>Ripple CEO Brad Garlinghouse has recently voiced strong criticisms against the U.S. Securities and Exchange Commission (SEC) for ignoring a court ruling that declared XRP is not a security. Garlinghouse labeled the SEC as a &#34;renegade agency&#34; and accused it of operating above the law. These comments come amid ongoing legal battles between Ripple and the SEC, which have entered a new legal warfare phase.</p><h2 id="header-0">Key Points of Criticism</h2><p>Garlinghouse expressed frustration over the SEC&#39;s refusal to accept the court&#39;s decision that XRP is not a security. He emphasized that the SEC&#39;s actions undermine the legitimacy of regulatory enforcement and set a dangerous precedent. Ripple&#39;s Chief Legal Officer, Stuart Alderoty, also raised constitutional concerns about the SEC&#39;s continued classification of XRP as a security despite the court order. He argued that the SEC&#39;s actions might violate constitutional principles and overstep its legal authority.</p><h2 id="header-1">Renegade Agency</h2><p>Garlinghouse described the SEC as a &#34;renegade agency&#34; that believes it can operate above the law. He stated that Ripple will closely monitor the situation and consider its own options to hold the SEC accountable.</p><h2 id="header-2">Background of the Legal Battle</h2><p>The legal battle between Ripple and the SEC began in December 2020 when the SEC filed a lawsuit against <a href="https://cryptosnewss.com/ripple-vs-sec-coinbase-joins-the-battle-for-crypto-clarity/" rel="noopener noreferrer nofollow">Ripple</a>, claiming that the company sold XRP as securities to investors. In July 2023, Judge Analisa Torres ruled that the programmatic sales of XRP did not constitute a securities offering. Despite this ruling, the SEC has continued to pursue its case against Ripple, filing a Notice of Appeal to challenge the court&#39;s decision.</p><h2 id="header-3">Impact on Ripple and the Crypto Market</h2><p>The ongoing legal battle has created uncertainty in the crypto market, with XRP underperforming compared to the broader market. Investors remain cautious as they await the outcome of the SEC&#39;s appeal and Ripple&#39;s response. Garlinghouse&#39;s criticism highlights the broader implications of the SEC&#39;s actions on the legitimacy of regulatory enforcement and the future of the crypto industry.</p><h3 id="conclusion">Conclusion</h3><p>Brad Garlinghouse&#39;s recent comments underscore Ripple&#39;s determination to challenge the SEC&#39;s actions and protect its interests. As the legal battle continues, the crypto community will be closely watching to see how the situation unfolds and what it means for the future of regulatory oversight in the industry.</p><p>The post <a href="https://cryptosnewss.com/ripple-ceo-brad-garlinghouse-criticizes-sec-for-ignoring-xrp-ruling-claims-agency-oversteps-legal-authority/" rel="noopener noreferrer nofollow">Ripple CEO Brad Garlinghouse Criticizes SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority</a> appeared first on Cryptos Newss.</p><p></p>

Ripple CEO Brad Garlinghouse Criticizes SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority

Table of Contents

Cryptos Newss

Other articles published on Oct 14, 2024

Keyrock Taps Deutsche Bank to Strengthen Crypto Footprint

Ripple Co-Founder Chris Larsen Donates $1 Million in XRP to Kamala Harris' Presidential Campaign

Bitwise Files for First-Ever XRP ETF with the SEC: What You Need to Know

Top Solana Competitors: 3 Altcoins Expected to Lead the Market Over the Next 6 Months

Scroll to Launch Native Token, SCR, with Airdrop on October 22: Details

Shiba Inu on the Brink of Breakout: A 108% Surge in Sight?

Join our free newsletter for daily crypto updates!