Ripple CEO says SEC has lost sight of mission to protect investors
(www.cnbc.com)
from L4s@lemmy.world to technology@lemmy.world on 11 Nov 2023 18:00
https://lemmy.world/post/8121509
from L4s@lemmy.world to technology@lemmy.world on 11 Nov 2023 18:00
https://lemmy.world/post/8121509
Ripple CEO says SEC has lost sight of mission to protect investors::Ripple CEO Brad Garlinghouse said he hopes the U.S. will move beyond crypto regulation by litigation to a point where federal laws are introduced by Congress.
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Investors should not be entitled to protection.
From fraud and lies, yes they should. The government should 100% go after orgs that are misrepresenting their health and finances.
The fact that a crypto bro ceo is upset about oversight is just a sign they need to keep going.
This is illegal in most parts of the world already though.
I’ll admit I’m a filthy passer by who hasn’t read the article - is the CEO suggesting taxpayers’ money be used to compensate in these instances? I don’t think rich people should be entitled to the same/similar amount of protection available for those on the opposite end of the wealth spectrum…
Nah it’s just a crypto company that is being sued but it looks like the crypto company won’t get fined. Judge made important ruling that more or less undercut them.