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Ripple CEO Brad Garlinghouse took out a tweet to share his opinion on the recent dismissal by the SEC regarding the SEC's case against Ripple.
Commenting on a recent X post by Stuart Aldroty (Chief Legal Officer at Ripple) in which the CLO criticized the SEC for Her latest move regarding their case.
This happened in the last few weeks of Gary Gensler's time at the SEC as Chairman.
Garlinghouse criticizes current SEC chief
Stuart Aldroty He tweeted that despite the fact that Gensler's "war on crypto ends" at the SEC in ten days, the regulator has refused to agree to delay the filing of its opening brief regarding its appeal of Ripple's recent court victory.
The current deadline for that is January 15, which is today. Commenting on the SEC's rejection, the Ripple CLO stated: "What a waste of time and taxpayer money!"
He stated that Ripple remains confident in its current position on the appeal, and the team looks forward to working with the new leader of the SEC to resolve this matter.
He took aim at Ripple CEO Gary Gensler specifically for this reason, saying the current SEC chief is “completely on brand,” who “completely rejects the 2024 election and the American public” and has shown full commitment to his “failed efforts.” Regulation agenda through implementation to the bitter end.
Related to
The SEC sues Elon Musk, founder of Dogecoin React
The Securities and Exchange Commission regulator has filed a lawsuit against tech billionaire Elon Musk, accusing him of being too late to disclose that he would acquire a large stake in Twitter in 2022 before he acquired the social media company and later renamed it X.
The SEC alleged that Musk waited 21 days instead of 10 to disclose his purchase of Twitter shares at "artificially low prices." Once the stake was disclosed, the stock price rose more than 27%, the SEC reported.
Billy Marcus, a friend of Musk's and co-founder of Dogecoin, tweeted about the matter, criticizing the SEC. However, he seems to have mixed things up a bit. According to his tweet, the SEC sued Musk because he bought Twitter at an “artificially low price,” and did not say anything about the stock purchase.
Elon Musk responded to his tweet, criticizing the regulator and calling the SEC a "completely broken organization."
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