Coinbase chief operating officer Brian Armstrong says the SEC v. Ripple case “seems to be going higher than expected.” He additional that the U.S. Securities and Exchange Commission “is realizing that assaultive crypto is politically unpopular .”
Coinbase’s chief operating officer on the Ripple cause, SEC assaultive Crypto
The chief operating officer of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, commented on the social control action against Ripple Labs by the U.S. Securities and Exchange Commission (SEC) Monday. Referencing a Forbes article titled “The crypto struggle the SEC didn’t see coming back,” he tweeted:
The Ripple case appears to be going higher than expected. Meanwhile, the SEC is realizing that assaultive crypto is politically unpopular (because it harms consumers).
“The irony is that the folks square measure|they’re} purportedly protective are those assaultive them,” the Coinbase boss additional.
Ripple chief operating officer Brad Garlinghouse has created the same statement relating to the SEC. Noting that the regulator is refusing to supply a transparent framework for crypto, he said: “Instead of operating with the business, the SEC is exploitation their conferences with corporations as lead generation for his or her social control actions.” He additional that a lot of XRP holders have filed a class-action cause against the SEC, action, “These ar the precise folks the SEC is meant to be protective.”
Several folks on Twitter expressed surprise to examine Armstrong tweeting a positive comment concerning Ripple. several took his statement as a optimistic sign that the value of XRP can shortly pump.
Some folks suspect that Coinbase could also be relisting XRP shortly. “Sounds like Brian Armstrong and Coinbase ought to be preparing to relist XRP,” one person tweeted. However, some ar still skeptical, disceptation that Coinbase won’t relist XRP till the cause is over. Coinbase delisted XRP in January, shortly once the SEC filed a cause against Ripple Labs and its executives, chief operating officer Garlinghouse and co-founder Chris Larsen.
The Nasdaq-listed company itself recently bumped into bother with the securities watchdog once it tried to launch a loaning program. The exchange mentioned the merchandise with the SEC however was vulnerable with proceeding if it proceeded with the launch. This caused Coinbase to shelve the merchandise.