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.
As President Trump accelerates his tariff strategy ahead of the August 1 deadline, new White House letters reveal formal trade warnings sent to multiple nations, including Tunisia, Cambodia, Indonesia, and others.
United Arab Emirates authorities have formally denied reports linking Toncoin (TON) ownership or staking to long-term visa eligibility, calling the circulating claims inaccurate and misleading.
Changpeng Zhao, the former head of Binance, has hinted at the possibility of a new initiative that would allow BNB token holders to obtain long-term residency in the United Arab Emirates through a token-staking model.
The first week of July brought notable advancements in crypto infrastructure, governance, and trading.