Ripple CEO Alleges SEC Chair Incorrectly Labels Tokens As Securities In Lawsuits

Ripple CEO Alleges SEC Chair Incorrectly Labels Tokens As Securities In Lawsuits

Ripple News: The digital asset industry finally witnessed the release of much anticipated Hinman speech linked documents in the US SEC Vs XRP lawsuit. The release of crucial memos opened up different aspects for Ripple against the commission. However, Defendant and Ripple CEO, Brad Garlinghouse addressed the release of Hinman Docs in a video.
Also Read: Coinbase Asks Court To Grant Mandamus Amid US SEC Delay Tactics
Ripple CEO Mocks SEC Over Clear Rules
Ripple CEO stated that the release of Hinman documents is the truly first time the SEC was forced to be transparent regarding their lack of internal coherence. This move acknowledged that the commission may not have the jurisdiction to fill the regulatory gap around the crypto industry.
He added that the US SEC has been asking for transparency from the digital asset linked businesses. However, the commission fought hard to protect these momes and ditch transparency. This has led the SEC Chair Gary Gensler refuse to comment on several sp

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