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Ripple CEO says SEC has lost sight of mission to protect investors (www.cnbc.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Ripple CEO says SEC has lost sight of mission to protect investors::Ripple CEO Brad Garlinghouse said he hopes the U.S. will move beyond crypto regulation by litigation to a point where federal laws are introduced by Congress.

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[–] [email protected] 5 points 1 year ago (1 children)

From fraud and lies, yes they should

This is illegal in most parts of the world already though.

I'll admit I'm a filthy passer by who hasn't read the article - is the CEO suggesting taxpayers' money be used to compensate in these instances? I don't think rich people should be entitled to the same/similar amount of protection available for those on the opposite end of the wealth spectrum...

[–] [email protected] 3 points 1 year ago

Nah it's just a crypto company that is being sued but it looks like the crypto company won't get fined. Judge made important ruling that more or less undercut them.