Ripple CEO Brad Garlinghouse: SEC Weaponized the Lack of Regulatory Clarity Threw an Entire Industry Into Chaos
Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the institution before the now famous Hinman speech, Garlinghouse stated that the SEC “weaponized the lack of regulatory clarity,” throwing an entire industry into chaos. Ripple CEO Brad Garlinghouse Accuses SEC of Overreach Ripple CEO Brad Garlinghouse has reacted to the recent release of a set of documents that show the internal debates of the U.S. Securities and Exchange Commission (SEC) previous to a 2018 speech from its Director of the Division of Corporation Finance William Hinman. Commonly referred to as the Hinman docs, these show the internal differences and the confusion the agency had to deal with in qualifying some tokens and cryptocurrencies as securities. According to Ripple CLO Stuart Alderoty, Hinman ignored some of the offer