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Ripple CEO criticizes SEC's "regulation by enforcement" approach in XRP case

Brad Garlinghouse, CEO of Ripple, criticized the US securities regulator for its "regulation by enforcement" approach and blamed them for hurting retail investors. Garlinghouse argued that the SEC created the current situation by claiming to be the "cop on the crypto beat" without legal jurisdiction. He also called for clear rules and legislation to protect retail investors. Garlinghouse's comments came in response to the SEC's recent comments about appealing the split-decision ruling against Ripple Labs.

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