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Ripple CEO Highlights CautionCoinGape
•68% Informative
Ripple CEO Brad Garlinghouse has expressed concerns about the potential consequences for the crypto industry if the U.S. Securities and Exchange Commission ( SEC ) succeeds in its appeal against the firm's ongoing suit against the regulator.
This comment comes as the firm recently filed a cross-appeal seeking clarification on whether an investment contract under US securities laws requires a formal agreement between parties.
Ripple CEO: 'If the SEC were to prevail on this point, it is a mess for the industry, it just pushes more of it offshore'.
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