Crypto News | Crypto Innovation on Trial in XRP Lawsuit

 Ripple CEO Brad Garlinghouse says the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the San Francisco payments company is essentially placing innovation itself on trial.

“It’s so important for the industry to have clarity. Innovation here in the United States in some ways is on trial. We want innovation here in the US around crypto, around blockchain, to thrive. And without that clarity, innovation goes to markets where there is clarity.

One of the ironies is, the United States is the only country on the planet that has viewed XRP as a security. Whether it’s Japan, the UK, Switzerland, Singapore – they all view XRP as a currency. Yet here at home, where Ripple is headquartered, the US SEC has taken a different position.”