Ripple CEO Brad Garlinghouse revealed that the company has spent $200 million defending itself against the lawsuit brought by the SEC. He expressed regret about the US falling behind in crypto regulation compared to the UAE and Europe. Garlinghouse advised entrepreneurs not to start in the US due to politics being put ahead of policy. The situation is ongoing, and more information will be added as it becomes available.
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Ripple CEO Reveals $200 Million Spent Defending SEC Case
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Nobel laureate in economics: Stablecoins are “under-regulated” and governments could be forced to provide billions of dollars in bailouts if they collapse in a financial crisis
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Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
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Cointime June 29th News Express
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The US SEC has returned the S-1 form to the potential Ethereum ETF issuer with a few comments, asking it to fix the problem and resubmit.
The US Securities and Exchange Commission has returned the S-1 form to the potential Ethereum ETF issuer with some comments, asking them to address the issues and resubmit. Sources say that at least one more round of review is needed before these measures can take effect. The issuer has reportedly been asked to address these comments and resubmit before July 8th. Sources note that this will not be the final declaration after the form is returned, meaning that at least one more declaration is needed before the ETF can begin trading.
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