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.

    • @mosiacmango@lemm.eeEnglish
      50•1 year 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.

      • 𝒍𝒆𝒎𝒂𝒏𝒏English
        8•1 year 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•1 year 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.