Ripple CEO Says SEC Helps Ethereum Overtake XRP as No. 2 Crypto

Ripple Chief Executive Brad Garlinghouse has relayed his thoughts on the state of crypto markets and regulations, and his displeasure at the unfair regulatory approach that has given Ethereum an edge and overtaking XRP. 2 of crypto

Speaking at the DC Fintech Week virtual conference on Oct. 21, the head of Ripple announced that Ethereum has received a regulatory green light that allows it to overtake his company’s XRP token.

The US Securities and Exchange Commission has filed a lawsuit against Ripple, claiming that XRP is an unregistered securities.

Garlinghouse added that market forces should determine winners and losers. not a regulator

Garlinghouse also condemned Gary Gensler for refusing to answer that question. cryptocurrency of competitors as securities or not And added that the existing securities laws are outdated:

Garlinghouse also said that his company has not signed any new U.S. customers. due to regulatory issues But this hasn’t stopped the company from expanding globally.

We are growing more outside the US.

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