Jun 25, 2022 11:36 AM (GMT+8) · EqualOcean
[the CEO of ripple accused the US SEC of too double standard in the regulation of encryption companies in this country] on June 24, Brad garringhouse, CEO of ripple labs, accused the US Securities and Exchange Commission (SEC) of inconsistent regulation of encryption companies in this country. At the collision meeting held in Toronto on Thursday, garlinghouse mentioned ripple's current legal struggle with the SEC, saying that the SEC accused the company's executives of "unregistered and ongoing digital asset securities issuance" by selling ripo coins. However, the SEC approved the public offering of coinbase in April 2021, even though coinbase launched XRP at that time. Garlinghouse said: "the SEC did not try to define a new set of clear regulatory rules. Instead, they decided to regulate through law enforcement, which is inefficient. I think it actually stifles American innovation." （Cointelegraph）

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