Brad Garlinghouse, CEO of Ripple, recently voiced his view on Twitter on Gary Gensler’s recent remarks about digital currencies. Gensler is the chairman of the Securities and Exchange Commission. The executive’s remarks specifically suggested that he thinks the SEC’s authority is constrained and that Gensler’s actions are a display of weakness.
Bill Morgan, a well-known attorney and supporter of digital assets, made an intriguing statement in response to Garlinghouse’s remarks. According to Morgan’s tweet, the Ripple CEO’s upbeat demeanour shows that he does not anticipate a losing conclusion in the SEC complaint filed against the cryptocurrency startup. The XRP community, which has been closely watching the judicial procedures, felt encouraged by this interpretation of Garlinghouse’s statements.
The legal representative also addressed the report that Robinhood, a significant U.S. broker, may delist several cryptocurrencies, such as ADA, SOL, and MATIC, as a result of the SEC’s case against Coinbase and Binance. Morgan compared the scenario to December 2020, when XRP would have seen legal review followed by delistings.
Additionally, despite persistent pressure from the SEC, the lawyer persisted in criticising Coinbase for its decision to delist XRP and not reinstate it for trade. He asserted that the exchange’s measures included prohibiting all XRP secondary sales, including those unaffiliated with Ripple, in addition to limiting Ripple’s ability to sell XRP. However, Morgan said he supported Coinbase’s SEC defence because he thought the exchange was being treated unfairly.
