Why Didn’t Ripple Register XRP With US SEC? Brad Garlinghouse Replies

Ripple News: The legal battle and debate over whether XRP is a Security or not is stretching ahead. However, Ripple in its Quater 1 XRP report mentioned that it expects a court judgment to come by the end of this year. Amid all the court proceedings, Ripple CEO has commented on the securities laws.

Also Read: Coinbase May Not Relist XRP Due To This Reason

Ripple Dodged Security Laws?

Brad Garlinghouse, Ripple CEO in a recent interview stated mentioned that they will spend $200 around million to just defend themselves against the U.S. SEC.

However, venture capitalist Jason Calacanis commenting on the interview claimed that XRP is a security. He stated that it would have cost a little for the Ripple team to go and register it as a security. Calacanis added that Ripple should have played by the rules like everyone else in the market do.

Meanwhile, Brad Garlinghouse slammed VC’s claim and asked when he learned about the securities law. He added that this is embarrassing that there is no framework to register digital assets in the U.S.

Also Read: Ripple Win Will Drag US SEC To Settle, Hints XRP Lawyer

The post Why Didn’t Ripple Register XRP With US SEC? Brad Garlinghouse Replies appeared first on CoinGape.