Ripple CEO urges US legislators to examine the crypto claims by the Sec chairman Gensler

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Brad Garlinghouse, der Vorstandsvorsitzende von Ripple Labs, hat den Gesetzgeber in den Vereinigten Staaten aufgefordert, die selbstbewussten Äußerungen von Gary Gensler, dem Vorsitzenden der Securities and Exchange Commission (SEC), über die amerikanische Kryptoindustrie zu prüfen. Garlinghouses Kommentare kommen, wie Gensler kürzlich in einer Anhörung vor einem Repräsentantenausschuss sagte, dass es keine Notwendigkeit für zusätzliche Gesetze für Krypto-Assets gibt, da bereits bestehende Wertpapiergesetze ausreichen, um den Sektor zu regulieren. Genslers Behauptungen sind „unverständlich“ In einem Tweet, die Ripple Der CEO bestand darauf, dass die Behauptungen des SEC-Vorsitzenden unverständlich seien. Garlinghouse forderte gewählte Beamte auf, Genslers Handlungen zur Kenntnis zu nehmen, und …
Brad Garlinghouse, the CEO of Ripple Labs, has asked the legislator in the United States to examine the confident statements by Gary Gensler, the chairman of the Securities and Exchange Commission (Sec), about the American crypto industry. Garlinghouse's comments come, as Gensler recently said in a hearing in front of a representative committee that there is no need for additional laws for crypto-assets, since existing securities laws have already been sufficient to regulate the sector. Gensler's claims are “incomprehensible” in a tweet that the CEO ripple insisted that the claims of the Sec chairman were incomprehensible. Garlinghouse asked elected officials to take note of Gensler's actions, and ... (Symbolbild/KNAT)

Brad Garlinghouse, the CEO of Ripple Labs, asked the legislator in the United States to examine the confident statements by Gary Gensler, the chairman of the Securities and Exchange Commission (SEC).

Garlinghouses Comments come, as Gensler recently said in a hearing before a representative committee, that there is no need for additional laws for crypto-assets, since existing securities laws are sufficient to regulate the sector.

Gensler's claims are "incomprehensible"

in a tweet, the ripple of the CEO insisted that the claims of the second chairman were incomprehensible. Garlinghouse asked elected officials to take note of Gensler's actions and pointed out that the SEC is subject to legislation, since the agency derives its power from there.

Gensler's conviction that the SEC can determine which digital asset is securities, as he has been in his behavior, since it has taken enforcement measures against several crypto companies in recent months.

At the hearing, the SEC chairman found that the congress could act in order to create clearer legislation for the cryptos sector, but the authorities do not require any additional authorities to determine which assets are or not. He insisted that the SEC was responsible for the definition of securities and not for legislation.

In contrast, Garlinghouse is of the opinion that crypto should be regulated by laws and not from the perspective of the Sec.

"that the chairman of the SEC claims that he dictates what a security is-and not the legislation from which its agency derives its power. It is time that the chosen official in the US

a "autocrate" operating an inflated agency

Garlinghouse further accused Gensler to behave like a autocrat. The Ripple of the CEO insisted that the SEC chairman had the feeling that it does not need regulatory clarity because it leads a bloated agency.

"If you behave like a autocrat that leads a bloated $ 2,2 billion agency, why should you ever want to clarify what is" in "or" out "? Without clear jurisprudence, ambiguity mask as power, ”said Garlinghouse.

Meanwhile, the SEC and Ripple are in a two-year litigation due to violations of securities law. In 2020, the agency sued Ripple for the offer of non-registered securities by selling XRP token. The court is expected to make its judgment on the case before the end of the year.

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