Ripple CEO Brad Garlinghouse said he hopes the U.S. will move beyond crypto regulation by litigation to a point where federal laws are introduced by Congress.

Ripple CEO says SEC has lost sight of mission to protect investors::Ripple CEO Brad Garlinghouse said he hopes the U.S. will move beyond crypto regulation by litigation to a point where federal laws are introduced by Congress.

  • mosiacmangoEnglish
    52·
    11 months ago

    From fraud and lies, yes they should. The government should 100% go after orgs that are misrepresenting their health and finances.

    The fact that a crypto bro ceo is upset about oversight is just a sign they need to keep going.

    • 𝒍𝒆𝒎𝒂𝒏𝒏@lemmy.oneEnglish
      83·
      11 months ago

      From fraud and lies, yes they should

      This is illegal in most parts of the world already though.

      I’ll admit I’m a filthy passer by who hasn’t read the article - is the CEO suggesting taxpayers’ money be used to compensate in these instances? I don’t think rich people should be entitled to the same/similar amount of protection available for those on the opposite end of the wealth spectrum…

      • ericbomb@lemmy.worldEnglish
        3·
        11 months ago

        Nah it’s just a crypto company that is being sued but it looks like the crypto company won’t get fined. Judge made important ruling that more or less undercut them.