Ripple CEO, Brad Garlinghouse, has criticized the U.S. Securities and Exchange Commission (SEC) for losing sight of their mission to protect investors. He believes that the recent ruling that XRP is not a security and the SEC dropping charges against Ripple’s executives is a positive step for the industry. Garlinghouse hopes that this will lead to a change in how cryptocurrency regulation is handled, with applicable federal laws governing virtual currencies brought forward by the US Congress.

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