Ripple case is concluding, but the fight for clarity must 'continue' – Brad Garlinghouse
Ripple CEO Brad Garlinghouse has warned that even though Ripple's legal battle against the United States financial watchdog is coming “to a close,” it is only the beginning of the battle for the crypto industry. He emphasized that the fight for clarity “has to continue.’
Following a lengthy back and forth between Ripple and the United States Securities and Exchange Commission (SEC), the Hinman documents were finally unsealed on June 13.
Garlinghouse has long argued for the unsealing of these documents,which pertain to the 2018 speech delivered by Hinman stating that Ethereum (ETH) is not a security. Garlinghouse believed thiscould bolster his argument that Ripple’s token, XRP (XRP), is not a security too.
In a recently published video to Twitter on June 17, Garlinghouse stated the unsealing of the Hinman documents show that the SEC “knowingly created confusion about the rules, and they used that confusion through enforcement.”
Trying something new – some thoughts from me on the events (specifically the release of the Hinman documents) of this week. For me, this has all had a personal bent to it - and felt like it warranted some personal comments. pic.twitter.com/k4dYeQGhsN
He argued that the SEC's actions is the “definition of putting politics over people […] and the pursuit of power over sound policy.”
Garlinghouse described the actions as acting in "bad faith, plain and simple," and reiterated that the timing of the lawsuit being initially filed in December 2020, just days before Christmas, as a “very grinch-like touch.”
Related: Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity
He explained that during all his meetings with the SEC prior to the lawsuit being filed he answered “every question
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