Home News Cryptocurrency Ripple CEO Reveals He Visited SEC Several Times Before Lawsuit Was Filed

Ripple CEO Reveals He Visited SEC Several Times Before Lawsuit Was Filed

Ripple CEO Reveals He Visited SEC Several Times Before Lawsuit Was Filed

Brad Garlinghouse, CEO of the cross-border payments company Ripple, spoke on Monday at a round table at the World Economic Forum (WEF) in Davos, Switzerland.

Garlinghouse, who also serves as a member of the company’s board of directors, He commented on a wide range of topics, most notably the current state of regulation in the United States versus the G20 nations.

Ripple CEO Brad Garlinghouse. Source: Cointelegraph

Emphasizing the prudent need for regulatory frameworks that serve the overarching principles of “clarity and certainty”, Garlinghouse stated his belief that:

“The vast majority of people who work in the crypto industry are good players who want to do the right thing with regulators. But when the rules of the road are not clear, it’s very difficult to navigate within that.”

Later in the conversation, Garlinghouse revealed that he personally went to the United States Securities and Exchange Commission (SEC) office “four or five times in the years leading up to his decision to file a lawsuit,” stating that there is no justification as to why the associated XRP asset Ripple must be legally categorized as a security.

“It shows how outdated the United States is with the G20”Garlinghouse argued, citing Switzerland, Singapore, the UK and Japan as nations that have more favorable regulatory environments to cultivate technological innovation.

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