Away from the tedious group-think WEF huddles, Ripple CEO Brad Garlinghouse lets rip.
Multiple digs at the corrupt SEC.
Sam {Bankman-Fraud] had obviously leaned into U.S Regulators, both in terms of donations but also spending time on Capitol Hill. And so, I think, FTX in my view now gets painted as a crypto problem, and I think if you really peel the onion enough layers it's not really a crypto-thing-problem that happened here - it's fraud. And I think we should not pretend it's something else.
And as for the market dysregulator,
I met personally with the SEC three times. Not once in those meetings did the SEC ever say to me "Hey, we think XRP might be a security." So then, for them later on, to go back and say "Hey, the whole time we thought XRP was a security; we just didn't tell you!"
and
Bill Hinman, the director of corporate finance at the SEC, gave a speech in June 2018 about how ETH had been a security but had magically become not a security! [...] The judge ordered {the associated emails] be turned over six times.
I don't see any sustained crypto rally until this case is resolved - whichever way.
Re🤬eD
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