Head of Ripple Brad Garlinghouse accuses SEC of contradicting itself.
Head of Ripple Brad Garlinghouse accuses the SEC of contradicting itself during a speech at the Collision tech conference in Toronto. The fact is that the SEC approved the initial public offering (IPO) of Coinbase S-1.
However, at the time, the leading US cryptocurrency exchange was offering XRP, a digital asset that led the SEC to sue Ripple, claiming that XRP was an unregulated security.
The SEC said during the lawsuit that it had known for a long time that XRP was an unregulated security. However, she allowed the exchange to achieve an IPO, despite the fact that this asset was there.