While the SEC’s attitude towards the Coinbase exchange and its reluctance to meet with CEO Brian Armstrong brought the crypto money universe together, Brad Garlinghouse, who has been on trial with the institution both individually and as the company he has been CEO since December 2020, gave the message “I told you so”. .
“Does it sound familiar?”
Garlinghouse, who made evaluations on the subject on Twitter and shared the article on Ripple’s website dated December 22, once again referred to Coinbase CEO Brian Armstrong’s emphasis on clarity yesterday and used the following expressions by putting this word in quotation marks in his own sentence:
“The SEC’s war on crypto continues. In December, I mentioned that we have been negotiating with the SEC on XRP for 3 years. And since then ‘no clarity has been achieved.’ Does this sound familiar to you? Fortunately, many people today see the damage caused by the regulations that are being forced. We are always ready to work with those in charge, the innovation proponents of Congress, and others who want to pave the way for us. If you want to go fast in this matter, go alone, but if you are going on a long journey, come with us”
As it will be remembered, Brian Armstrong, CEO of Coinbase, which is seen as the largest stock exchange in the USA on the night of September 7, said that Lend products, which give interest on USDC deposits, were not allowed by the SEC, and even though they went to the institution themselves and informed them, they encountered an unexpectedly harsh reaction. . Sharing a long piece of information on Twitter, Armsrong added that the SEC threatened to sue them, adding, “We wanted to discuss this with them for a long time, but they said, ‘We don’t talk to cryptocurrency exchanges.’” he said.
The big drop in the crypto money markets the day before and the decline of the Bitcoin price from $ 52 thousand to $ 42 thousand were also attributed by many to this development.
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