Ripple CEO: US SEC May Be Bluffing About Crypto Enforcement

Also Read: XRP Lawsuit: Vitalik Involved In Process Of Hinman’s Infamous ETH Speech; Reveals Docs

advertisement

In this context, it will be interesting to see how Judge Analisa Torres, who is overseeing the Ripple Vs SEC lawsuit, will react to the Hinman documents. The part about Ethereum not being a security may be closely looked at.

Ripple CEO: SEC May Have Bluffed All Through

Considering the SEC’s enforcement actions on crypto businesses despite lack of regulatory clarity, the agency, according to Ripple CEO Brad Garlinghouse might have bluffed about its calls to come and register all through. He said the agency’s open invitations to come forward and register crypto tokens may have been a lie.

“Seeing the depth to which the SEC has essentially weaponized the lack of regulatory clarity through enforcement actions since this speech was given – it’s no surprise that we can call bluff on their claims to “just come in and register” as nothing but in bad faith.”

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

Meanwhile, it remains to be seen when Judge Torres will deliver the Summary Judgement, now that the Hinman emails are revealed.

Also Read: Ethereum Sees Sharp Selloff as it Got Embroiled in Hinman Email Controversy

Mooky Presale
Mooky Coin Presale
$MOOKY is a meme token which helps planting trees by donating to charity.
Visit Here
AD

Comments

Post a Comment

Popular posts from this blog

Solana Rebound: SOL To Hit $260 Despite Continuous Dip, Analyst Says

Image
Solana (SOL) has been on a rollercoaster ride of late, with its its value seeing erratic shifts and even retreating in many instances. Related Reading ARB Market Plummets 14%, But New Developments Could Reverse The Trend 14 hours ago For Solana, the sharp swings in the market have presented a difficult picture; nevertheless, experts still have optimism. They see this as a passing phase even with the downward pressures. The altcoin’s technical developments point to an interesting future. At the time of writing, SOL was trading at $150, down 6.2% and 17.1% in the daily and weekly frames, data from Coingecko shows. Even within the turmoil, the recent trading volume of $9.80 billion over the past ...
Read more

BlackRock CEO Larry Fink Says Crypto and Gold Are ‘Assets of Fear’ – Here’s What He Means

Image
The CEO of the biggest asset manager in the world says that gold and cryptocurrencies are “assets of fear.” In a roundtable discussion at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia, BlackRock CEO Larry Fink says that crypto assets are a legitimate investment for those who want to hedge against “optimism.” “If you believe that countries are going to continually debase their currency, if you believe that they’re is going to be global rise of insecurity… crypto assets or gold are assets of fear. You own these assets because you’re frightened of the debasement of your assets, you’re worried about your financial security, you’re worried about your fiscal security, and between crypto assets and gold, there’s a strong belief that it’s a good hedge against optimism.” In a separate interview with 60 Minutes, Fink says that after being initially skeptical of Bitcoin (BTC), he ...
Read more

BRICS Powerhouse To Produce 2 Billion Cubic Meters of Gas Per Day

Image
Several members of the BRICS alliance produce and export oil and gas across the world. From Russia to Brazil and Egypt, the bloc controls 45% of the global oil and gas output. If Saudi Arabia had accepted the invitation in 2023, the supply could have soared further. BRICS member Egypt announced on Friday the completion of a new drilling well in Zohr to produce natural gas. What caught everyone’s attention is not the announcement, but the sheer scale of the production capacity. The Zohr gas refinery, which is situated in the waters of the Mediterranean Sea, is estimated to produce 2 billion cubic meters of gas per day. Also Read: US Weaponizes Oil Politics to Break BRICS’ Russia-China-India Axis BRICS: Egypt To Boost 2 Billion Cubic Meters of Gas Each Day Source: Twitter The volume is equivalent to approximately 12.5 million barrels of oil per day. This gas production capacity also surpasses its BRICS counterpart, Brazil, and even Canada. The announcement reinforces Egypt’s a...
Read more