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Brad Garlinghouse, Ripple’s chief executive, has published a tweet to share his take on the SEC’s recent refusal related to the SEC v. Ripple case. He commented on Ripple Chief Legal Officer Stuart Alderoty’s recent X post in which the CLO criticized the Securities and Exchange Commission for its recent move regarding their case.
This happened as the last week of Gary Gensler’s presence at the SEC as the chairman began.
Garlinghouse slams current SEC boss
Stuart Alderoty tweeted that despite the fact that “Gensler’s war on crypto ends” at the SEC in 10 days, the regulator has refused to agree to postpone the filing of their opening brief regarding their appeal of Ripple’s recent victory in court.
The current deadline for that is Jan. 15 — today. Commenting on SEC’s refusal, the Ripple CLO stated: “What a waste of time and taxpayer dollars!”
He stated that Ripple is still confident in its current position on appeal, and the team looks forward to working with the new SEC leader to solve this matter.
Ripple’s chief executive took aim at Gary Gensler specifically for this, saying that the current SEC leader “is very much on brand” and “completely dismissive of the 2024 election and the American public,” having displayed full commitment to “his failed regulation-by-enforcement agenda to the bitter, bitter end.”
Related
SEC sues Elon Musk, Dogecoin founder reacts
The SEC regulatory agency has sued tech billionaire Elon Musk, accusing him of taking too long to disclose that he had acquired a large stake in Twitter in 2022 — before he acquired the social media company to rebrand it as X later.
The SEC claimed that Musk waited 21 days instead of 10 days to disclose his purchase of Twitter shares at “artificially low prices.” The SEC mentioned that once the disclosure of the stake was made, the share price soared by more than 27%.
Musk’s pen pal, Dogecoin cofounder Billy Markus, posted a tweet about this, criticizing the SEC. However, he seemed to get things slightly confused. According to his tweet, the SEC sued Musk for purchasing Twitter at an “artificially low price,” saying nothing about the share purchase.
Elon Musk responded to his tweet, criticizing the regulator and calling the SEC a “totally broken organization.”
Source: https://u.today/ripple-ceo-slams-gary-gensler-over-his-intention-to-fight-until-bitter-end-against-ripple
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