- Ripple CEO Brad Garlinghouse recently commented about Gensler and SEC’s actions.
- Crypto lawyer Bill Morgan decodes Garlinghouse’s statement.
- The comment comes amid the SEC’s scrutiny of Binance and Coinbase.
Ripple CEO Brad Garlinghouse recently shared his perspective on the recent remarks made by SEC Chairman Gary Gensler regarding digital currencies via Twitter. In his statement, Garlinghouse suggested that he perceives certain limitations to the SEC’s authority and interpreted Gensler’s actions as indicative of weakness.
Prominent Ripple lawyer reacts to Garlinghouse’s comment
Attorney and digital asset enthusiast Bill Morgan offered an interesting observation in response to Garlinghouse’s remarks. Morgan’s tweet implied that the confident tone adopted by the Ripple CEO suggests he may anticipate a favorable outcome in the ongoing SEC lawsuit against the crypto company.
This interpretation of Garlinghouse’s words sparked optimism within the XRP community, which has been closely monitoring the legal proceedings. Additionally, Morgan addressed the news of a potential delisting of certain cryptocurrencies, such as ADA, SOL, and MATIC, by major U.S. broker Robinhood due to the SEC’s lawsuit against Coinbase and Binance.
Drawing a parallel to a similar situation faced by XRP in December 2020, Morgan highlighted the potential consequences of legal scrutiny followed by delistings. The statement by Garlingouse comes at a time when the SEC has filed a lawsuit against two of the largest cryptocurrency players, Binance and Coinbase. The lawsuit also negatively affected the crypto market.
