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September 21, 2023 3:04 PM | 1 min learn
“The Finest Report Benzinga Has Ever Produced”
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Ripple (CRYPTO: XRP) CEO Brad Garlinghouse revealed the company’s legal expenses surged to a staggering $200 million, doubling from the $100 million reported in July 2022.
This important enhance underscored the escalating tensions between the cryptocurrency sector and the U.S. Securities and Change Fee (SEC).
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The continuing authorized tussle and its implications for the broader crypto trade will probably be among the many focal factors on the upcoming Benzinga’s Future of Digital Assets convention on Nov. 14.
Garlinghouse’s comments got here on the heels of his look on the Mainnet convention, the place he equated the SEC’s aggressive stance to bullying.
He criticized SEC Chairman Gary Gensler, stating, “[Chair Gary Gensler] is pursuing energy, he’s pursuing politics. Not sound coverage.”
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Ripple’s defiant stance towards the SEC has garnered help from different crypto entities, which beforehand criticized Ripple for its company strategy.
The period and eventual value of Ripple’s authorized battle stay unsure, particularly because the SEC plans to problem Ripple’s recent court triumph.
Gensler’s continued emphasis on stringent regulatory measures additional complicates the state of affairs.
Amidst the regulatory turmoil within the U.S., Ripple is contemplating Asia as a promising area for its future growth. Whereas main U.S.-based corporations equivalent to Coinbase World Inc. (NASDAQ:COIN) and Ripple have hinted at probably relocating their operations to flee the stringent U.S. regulatory panorama, such strikes are possible extra rhetorical than practical.
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Meet and interact with transformative Digital Asset and Crypto enterprise leaders and traders at Benzinga’s unique occasion: Future of Digital Assets. Tickets are flying: Get yours!
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“The Finest Report Benzinga Has Ever Produced”
Huge returns are doable inside this market! For a restricted time, get entry to the Benzinga Insider Report, often $47/month, for simply $0.99! Uncover extraordinarily undervalued inventory picks earlier than they skyrocket! Time is working out! Act quick and safe your future wealth at this unbelievable low cost! Claim Your $0.99 Offer NOW!
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