THELOGICALINDIAN - Coinbase CEO Brian Armstrong says the SEC v Ripple case seems to be activity bigger than accepted He added that the US Securities and Exchange Commission is acumen that advancing crypto is politically unpopular
Coinbase’s CEO on the Ripple Lawsuit, SEC Attacking Crypto
The CEO of the Nasdaq-listed cryptocurrency barter Coinbase, Brian Armstrong, commented on the administration activity adjoin Ripple Labs by the U.S. Securities and Barter Commission (SEC) Monday. Referencing a Forbes article blue-blooded “The crypto insurgence the SEC didn’t see coming,” he tweeted:
“The irony is that the bodies they are allegedly attention are the ones advancing them,” the Coinbase bang-up added.
Ripple CEO Brad Garlinghouse has fabricated a agnate account apropos the SEC. Noting that the regulator is abnegation to accommodate a bright framework for crypto, he said: “Instead of alive with the industry, the SEC is application their affairs with companies as advance bearing for their administration actions.” He added that abounding XRP holders accept filed a class-action accusation adjoin the SEC, emphasizing, “These are the exact bodies the SEC is declared to be protecting.”
Several bodies on Twitter bidding abruptness to see Armstrong tweeting a absolute animadversion about Ripple. Many took his account as a bullish assurance that the amount of XRP will anon pump.
Some bodies doubtable that Coinbase may be relisting XRP soon. “Sounds like Brian Armstrong and Coinbase should be accepting accessible to relist XRP,” one being tweeted. However, some are still skeptical, arguing that Coinbase will not relist XRP until the accusation is over. Coinbase delisted XRP in January, anon afterwards the SEC filed a lawsuit adjoin Ripple Labs and its executives, CEO Garlinghouse and co-founder Chris Larsen.
The Nasdaq-listed aggregation itself afresh ran into agitation with the balance babysitter back it approved to barrage a lending program. The barter discussed the artefact with the SEC but was threatened with acknowledged activity if it proceeded with the launch. This acquired Coinbase to shelve the product.
What do you anticipate about Coinbase CEO Brian Armstrong’s animadversion on Ripple? Let us apperceive in the comments area below.
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