{"id":45332,"date":"2025-01-15T02:08:29","date_gmt":"2025-01-15T02:08:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ripple-ceo-calls-out-sec-for-enforcement-tactics\/"},"modified":"2025-01-15T02:08:29","modified_gmt":"2025-01-15T02:08:29","slug":"ripple-ceo-calls-out-sec-for-enforcement-tactics","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ripple-ceo-calls-out-sec-for-enforcement-tactics\/","title":{"rendered":"Ripple CEO Calls Out SEC for Enforcement Tactics"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Ripple executives have openly criticized the U.S. Securities and Exchange Commission (SEC) as legal battles over the <strong><a href=\"https:\/\/igaming.org\/cryptocurrencies\/ripple\/\">XRP<\/a> <\/strong>token continue. Ripple CEO Brad Garlinghouse called out SEC Chairman Gary Gensler for pursuing what he described as a \u201cregulation by enforcement\u201d strategy. Gensler, whose tenure as chairman ends on January 20, has been a key player in the SEC\u2019s efforts to regulate the cryptocurrency sector.<\/p>\n<p>Garlinghouse argued that the SEC\u2019s aggressive stance disregards broader public concerns and the potential implications of the upcoming 2024 elections. He emphasized that this approach does little to provide clarity for the cryptocurrency industry or its participants.<\/p>\n<p>Ripple\u2019s Chief Legal Officer, Stuart Alderoty, also weighed in, criticizing the SEC for denying Ripple\u2019s request to delay filing its appeal brief, which is due on January 15. Alderoty described the SEC\u2019s decision as unnecessary but reiterated Ripple\u2019s confidence in its legal defense. He expressed hope that the case might be resolved under a new SEC leadership after Gensler\u2019s departure.<\/p>\n<p>The dispute between Ripple and the SEC began in 2020, when the agency accused Ripple of violating securities laws by selling XRP without registering it as a security. Ripple has consistently denied the allegations, arguing that XRP functions as a digital asset similar to <strong><a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> <\/strong>or <strong><a href=\"https:\/\/igaming.org\/cryptocurrencies\/ethereum-alternative-coin\/\">Ethereum<\/a><\/strong>, which the SEC does not classify as securities.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The legal battle escalated in August 2024, when a court ordered Ripple to pay <strong><a href=\"https:\/\/igaming.org\/crypto\/ripple-fined-125-million-for-securities-violations-judge-imposes-restrictions\/\">$125 million<\/a><\/strong> in penalties. The SEC later <strong><a href=\"https:\/\/igaming.org\/crypto\/ripple-gears-up-to-challenge-sec-appeal-on-xrp-ruling\/\">appealed<\/a> <\/strong>the decision, and Ripple\u2019s subsequent request to delay filing its appeal brief was denied.<\/p>\n<p>Ripple\u2019s legal team remains optimistic about the outcome, viewing new SEC leadership as an opportunity for a more constructive approach to regulating digital assets.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/ripple-leaders-criticize-sec-amid-appeal-process\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Ripple executives have openly criticized the U.S. Securities and Exchange Commission (SEC) as legal battles over the XRP token continue. Ripple CEO Brad Garlinghouse called out SEC Chairman Gary Gensler for pursuing what he described as a \u201cregulation by enforcement\u201d strategy. Gensler, whose tenure as chairman [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/45332"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=45332"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/45332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/45333"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=45332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=45332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=45332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}