{"id":340070,"date":"2022-05-23T20:07:38","date_gmt":"2022-05-23T14:37:38","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/ripple-ceo-reveals-he-visited-sec-several-times-before-lawsuit-was-filed\/"},"modified":"2022-05-23T20:07:38","modified_gmt":"2022-05-23T14:37:38","slug":"ripple-ceo-reveals-he-visited-sec-several-times-before-lawsuit-was-filed","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/ripple-ceo-reveals-he-visited-sec-several-times-before-lawsuit-was-filed\/","title":{"rendered":"Ripple CEO Reveals He Visited SEC Several Times Before Lawsuit Was Filed"},"content":{"rendered":"<div data-v-2a0745c6=\"\">\n<p>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.<\/p>\n<p>Garlinghouse, who also serves as a member of the company&#8217;s board of directors, <strong>He commented on a wide range of topics, most notably the current state of regulation in the United States versus the G20 nations. <\/strong><\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Ripple CEO Brad Garlinghouse.  Source: Cointelegraph<\/em><\/figcaption><\/figure>\n<p>Emphasizing the prudent need for regulatory frameworks that serve the overarching principles of &#8220;clarity and certainty&#8221;, Garlinghouse stated his belief that:<\/p>\n<blockquote><p>&#8220;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&#8217;s very difficult to navigate within that.&#8221;<\/p><\/blockquote>\n<p>Later in the conversation, <strong>Garlinghouse revealed that he personally went to the United States Securities and Exchange Commission (SEC) office \u201cfour or five times in the years leading up to his decision to file a lawsuit,\u201d stating that there is no justification as to why the associated XRP asset Ripple must be legally categorized as a security.<\/strong><\/p>\n<p><strong>&#8220;It shows how outdated the United States is with the G20&#8221;<\/strong>Garlinghouse argued, citing Switzerland, Singapore, the UK and Japan as nations that have more favorable regulatory environments to cultivate technological innovation. <\/p>\n<p><span style=\"font-size: 12px; color: rgb(169, 169, 169);\"><span style=\"font-weight:600\">Clarification:<\/span> The information and\/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph.  The information set forth herein should not be taken as financial advice or investment recommendation.  All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.<\/span><\/p>\n<\/div>\n<div data-v-2a0745c6=\"\">\n<p style=\"font-size:90%;\">Investments in crypto assets are not regulated.  They may not be suitable for retail investors and the full amount invested may be lost.  The services or products offered are not aimed at or accessible to investors in Spain.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s board of directors, He commented on a wide range of topics, most notably the current state of regulation in the<\/p>\n","protected":false},"author":63,"featured_media":340071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3394],"tags":[7451,18643,6232,4499,8743,7918,8013,3841,13575],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMjQyNDg4ZjYtZTIzMi00NzNkLWE0MTgtZTI4N2U3N2M5MzVmLmpwZw==.jpg","_links":{"self":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/340070"}],"collection":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/comments?post=340070"}],"version-history":[{"count":0,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/340070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media\/340071"}],"wp:attachment":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media?parent=340070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/categories?post=340070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/tags?post=340070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}