The post Brad Garlinghouse Criticizes SEC’s Inconsistent, Confusing Regulatory Practices appeared first on Coinpedia Fintech News
Brad Garlinghouse, the Ripple CEO has criticised the US SEC over hypocrisy in handling crypto regulations. The remarks were made amidst the recent events in the SEC’s lawsuit against Binance where the regulatory body wanted to alter the initial complaint.
On Tuesday, the SEC and the defendants — Binance Holdings Ltd., BAM Trading Services Inc., BAM Management US Holdings Inc., and Changpeng Zhao (CZ) — submitted a joint response to the court’s earlier order. The SEC announced its intention to amend its complaint to address issues concerning “Third Party Crypto Asset Securities,” having previously classified several crypto assets as securities.
SEC’s Inconsistent, Confusing Regulatory Practises
Garlinghouse criticized the SEC over inconsistent and confusing regulatory practices and mentioned the SEC’s hypocritical approach not
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