Many people who closely follow the case between Ripple and the SEC think that the case will end in Ripple's favor. However, Ripple CEO Brad Garlinghouse made statements about what could happen otherwise.
Following the debate between the CFTC and the SEC about which regulatory watchdog should be best suited to regulate cryptocurrencies, Ripple CEO and founder Brad Garlinghouse has given his opinion on the matter.
The U.S. Securities and Exchange Commission's (SEC) legal watchdog over Ripple says there was evidence that a key SEC official was aware of a conflict of interest in the case at the time of the inception.
The U.S. Securities and Exchange Commission (SEC) announced yesterday that crypto assets will also be subject to audits by market participants, such as investment advisors and brokerage service providers, in 2022. The institution has also included ESG (Environmental, social and corporate governance), one of the biggest discussion topics of the last period, into this group.
It has been stated that the US Securities and Exchange Commission (SEC), which has recently wanted to strictly monitor various areas of cryptocurrencies, especially decentralized finance, now aims to bring some rules and regulations in this area for investment companies and investment advisors.
In the case between Ripple and the SEC, these documents came to light after the court decided to open some sealed documents. So far, two documents have been published, consisting of legal advice that Ripple received years ago.
The SEC and Ripple (XRP) lawsuit remains one of the expected big developments of the crypto market. Although Ripple has made positive developments step by step in key points throughout this lawsuit, the SEC continues to make statements to the contrary.