Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
The Crypto Industry Will Win The SEC in the Long Run – Ripple CEO

The Crypto Industry Will Win The SEC in the Long Run – Ripple CEO

CoineditionCoinedition2024/05/11 13:34
By:Ikemefula Aruogu
  • Brad Garlinghouse believes the crypto industry will win the fight against the SEC.
  • According to Garlinhouse, the best technologies always win in the long run.
  • The SEC is currently entangled in several disagreements with crypto establishments.

Ripple CEO Brad Garlinghouse believes the crypto industry will win the fight against the U.S. Securities and Exchange Commission (SEC). In a recently uploaded video, Garlinghouse noted that the best technologies always win in the long run.

🚨BREAKING: Brad Garlinghouse says that he is very confident that the SEC is about to lose the case against @Ripple ! #XRP pic.twitter.com/7er2mtfJh5

— JackTheRippler ©️ (@Ripple Xrpie) May 11, 2024

According to the Ripple CEO, the SEC’s efforts to curtail crypto activities will fail in the long run. He noted that what the SEC is doing in its fight against crypto is nothing compared to the industry’s continued multi-decade growth.

Furthermore, Garlinghouse highlighted his optimism about the future of crypto, noting that all the current happenings will look pale with the industry’s development twenty years from now. He believes users will measure the crypto market in many trillions in the future, noting that it is an industry that will change how transactions work. According to the Ripple Chief, cryptocurrencies reduce friction and cost, making things more efficient.

The SEC’s fight against the crypto industry remains a significant occurrence surrounding the sector. The commission’s legal battle with Ripple represents one of many lawsuits and regulation attempts the SEC is pursuing.

Many users believe the commission’s legal battle with Ripple is nearing a conclusive end, following recent filings by both parties. However, Garlinghouse’s position is that no matter the outcome of current events, the crypto industry will naturally overcome the challenges and thrive above all obstacles.

Apart from Ripple, the SEC is entangled in other disagreements with crypto establishments, including top crypto exchanges like Binance, Coinbase, and Kraken. Earlier this week, Kraken filed a motion asking the court to dismiss the SEC’s case against it, citing inappropriate wording in the latter’s submission.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Ripple announces tokenized money market fund launching on XRP Ledger

Ripple said a tokenized money market fund has launched on the XRP Ledger.The launch was made possible through a partnership with Archax, an FCA-regulated digital asset exchange.

The Block2024/11/25 21:23

The Daily: MicroStrategy buys record $5.4 billion in bitcoin, Sky Mavis cuts 21% of its workforce and more

Business intelligence firm and corporate bitcoin holder MicroStrategy purchased another 55,500 BTC for $5.4 billion between Nov. 18 and Nov. 24, according to an 8-K filing with the SEC on Monday.Axie Infinity crypto game developer Sky Mavis is laying off 21% of its workforce, affecting about 50 of its 250 global team, amid a “shift in priorities,” according to CEO and co-founder Trung Nguyen.Solana’s decentralized exchanges surpassed $100 billion in monthly trading volume for the first time, generating a r

The Block2024/11/25 21:23

Justin Sun's Tron buys $30 million of Trump-backed World Liberty Financial tokens

Tron founder Justin Sun said his firm has bought $30 million worth of World Liberty Financial tokens, the crypto project supported by newly-elected U.S. President Donald Trump.Sun said the purchase made Tron the largest investor in World Liberty Financial.

The Block2024/11/25 21:23