Ripple CEO Garlinghouse Accuses SEC of Bullying

Ripple CEO Brad Garlinghouse referred to the court ruling which deemed that XRP cannot be classified as a security as a significant victory in the ongoing legal dispute, and accused the US Securities and Exchange Commission (SEC) of bullying in an interview with Bloomberg. Ripple CEO Garlinghouse Targets SEC: Engaging in Bullying Following the US court’s decision on July 13 that some of the XRP sales do not fully meet the definition of a security, Ripple declared a major victory. After the ruling, the value of XRP increased by up to 90%, and major cryptocurrency exchanges such as Coinbase and Kraken relisted the altcoin. During an interview with Bloomberg on July 14, Ripple CEO Brad Garlinghouse stated, “I think the SEC is engaging in bullying and going after weak players who cannot mount a proper defense.” Garlinghouse also said, “Currently, the laws in the country indicate that XRP is not […] The post Ripple CEO Garlinghouse Accuses SEC of Bullying appeared first on COINTURK NEWS.