Ripple CEO, Brad Garlinghouse, expressed his anger towards former SEC Chair Jay Clayton for filing a lawsuit against Ripple and then leaving the SEC shortly after. Garlinghouse called Clayton’s actions hypocritical and criticized current SEC Chairman Gary Gensler for abusing his power in enforcing regulations against crypto firms. Ripple’s lawsuit, initiated by Clayton, is considered the most high-profile legal battle in the crypto industry. The company recently won a major ruling stating that the sales of XRP do not constitute an investment contract. The article suggests that other crypto firms, like Coinbase and Binance, may benefit from this ruling in their pending cases.
AI Sentiment: Neutral