Ripple's CEO, Brad Garlinghouse, has sharply criticized the SEC's latest legal maneuver against Binance, accusing the regulator of inconsistent and politically motivated actions.
Garlinghouse argues that the SEC’s proposed revisions to its complaint, which involve reclassifying several cryptocurrencies like Solana and Cardano as securities, reflect a troubling lack of clarity and fairness in its regulatory approach.
He asserts that SEC Chair Gary Gensler’s statements about regulatory clarity are at odds with the SEC’s chaotic enforcement tactics, which he believes are fueling industry confusion.
Garlinghouse suggests that these actions may not be driven by genuine legal principles but by political agendas or litigation strategies.
Supporting Garlinghouse, Ripple’s Chief Legal Officer, Stuart Alderoty, points out inconsistencies in the SEC’s treatment of different cases.
Meanwhile, attorney John Deaton, who has been involved in Ripple’s legal battles, has criticized the SEC for causing harm to retail investors and called for Gensler’s resignation. Deaton argues that the SEC’s claims lack legal basis and have led to significant investor losses.
Shiba Inu’s Shibarium team has launched an internal investigation into alleged rug pulls carried out by actors operating within the network.
BlackRock is reportedly preparing to purchase nearly 10% of the shares in Circle Internet Financial Ltd.’s upcoming IPO, expanding its existing role as manager of the Circle Reserve Fund, which backs USDC with roughly $30 billion in assets.
Ross Ulbricht, the man once behind the Silk Road dark web marketplace, has turned artifacts from his prison years into a multimillion-dollar Bitcoin windfall.
Nvidia’s recent market retreat hasn’t shaken analysts’ confidence in the stock’s long-term potential. Despite a dip to $135.13 at the close of the last session, chart watchers say a powerful setup could send NVDA soaring toward the $200 mark in the coming months.