Brad Garlinghouse doesn't hold back, challenging former SEC Chair Jay Clayton's regulatory approach critique.
Brad Garlinghouse makes a statement in response to the former SEC chair Jay Clayton’s latest remarks. The Ripple exec doesn’t hold back, thus challenging former SEC Chair’s regulatory approach critique., Jay Clayton, for his remarks on the regulatory approach of the agency. These comments come against the backdrop of the SEC’s increasing regulatory actions against various cryptocurrency exchanges and companies since the first quarter of 2023.
He emphasized the need for regulatory agencies to introduce regulations and legal cases that can successfully withstand judicial scrutiny.Garlinghouse wasted no time in responding to Clayton’s remarks. Particularly in light of the SEC’s recent decision to dismiss allegations against Ripple without prejudice. He pointed out that the former SEC chair had initiated a lawsuit that had little chance of success in court.
Garlinghouse stated, “As a reminder, Jay Clayton brought the case against Ripple, me, and Chris Larsen. And left the building the next day.” This bold statement highlighted the questionable nature of the case initiated under Clayton’s leadership.the charges against Garlinghouse and Larsen in October. This decision by the SEC followed a ruling by Judge Analisa Torres in July, which partially favored Ripple.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple Faces $770 Million Settlement Demand from SECThe SEC has demanded a $770 million settlement from Ripple over alleged violations of Federal Securities Laws related to the company's institutional sales of XRP. Ripple has responded with a report calling the SEC's lawsuit misguided and accusing them of seeking political power. The split judgement could lead to ambiguity regarding the status of XRP and other cryptocurrencies.
Read more »
Ripple's XRP Faces Legal Challenges as Coinbase Explores AI Language ModelRipple's XRP faces legal challenges as a court rules its institutional sale violated federal securities laws. Meanwhile, Coinbase explores the use of an AI language model called ChatGPT for technical analysis.
Read more »
XRP's Value Surges After SEC Ruling, But XRPL's Usage DeclinesThe SEC ruling that XRP is not a security caused a 70% spike in its value, but XRPL's network activity metrics fell in Q3. Daily transactions decreased by 9.1% and daily active addresses dropped by 19%. However, the NFT vertical experienced some growth with a 7.3% increase in daily NFT transactions.
Read more »
Volunteers building bunkhouse, tiny homes at Moccasin FlatsCarpenter Brad Gustafson is building shelters for people living in the encampment
Read more »
SEC Probes Two Sigma Investments Over Researcher's Model TamperingThe Securities and Exchange Commission is investigating an incident at Two Sigma Investments where a researcher manipulated the firm's models to boost his compensation, resulting in unexpected gains and losses of $620 million. The hedge fund is also under scrutiny for a rift in its hierarchy that has affected basic management decisions. Two Sigma has informed investors about the misconduct and is considering compensating for any losses.
Read more »