Ripple CEO Brad Garlinghouse joins the recent claims by CFTC Commissioner Pham that the U.S. Securities Exchange Commission (SEC) prefers to take its regulatory approach from the dark. “Powerful Words from Commissioner Pham” Brad Garlinghouse, the CEO of Ripple, has sided with CFTC Commissioner Caroline D. Pham for calling out the U.S. securities regulator over its crypto regulatory approach. Garlinghouse, in fact, described the comments made by Commissioner Pham as powerful: “Powerful words from Commissioner Pham: Regulatory clarity comes from being out in the open, not in the dark,” he wrote in his tweet. “Unfortunately, the SEC seems more than content to operate in the latter,” he said. Powerful words from Commissioner Pham: “Regulatory clarity comes from being out in the open, not in the dark.” Unfortunately, the SEC seems more than content to operate in the latter. https://t.co/rsvGTHGlsz — Brad Garlinghouse (@bgarlinghouse) July 21, 2022 Recently, Commissioner Pham expressed concerns about the implications of the U.S. Securities and Exchange Commission (SEC) filing the first crypto insider case. She also took issue with the SEC labeling certain crypto assets as securities, calling it an example of “regulation by enforcement” rather than addressing it “through a transparent process that engages the public to develop appropriate policy with expert input.” “Major questions are best addressed through a transparent process th...
