Ripple Labs CEO Brad Garlinghouse believes that a recent ruling against the U.S. Securities and Exchange Commission (SEC) is a significant win not just for Ripple, but for the entire cryptocurrency industry. He suggests that this ruling puts the SEC’s narrative and comments about digital assets being securities in check. Garlinghouse calls for clear guidelines and legislation for the crypto industry, stating that regulating through enforcement actions is not practical. He also criticizes the SEC for stifling innovation with its numerous enforcement actions. Garlinghouse believes that having clear rules of the road will encourage investment and entrepreneurial participation.
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