As a seasoned analyst with years of experience navigating the volatile and fast-paced world of cryptocurrencies, I find myself intrigued by the ongoing feud between Brad Garlinghouse and John Reed Stark. While it’s not uncommon for industry leaders to have differing opinions, the intensity of this debate is certainly captivating.
In response to remarks made by ex-SEC official John Reed Stark in a recent “60 Minutes” broadcast, Ripple CEO Brad Garlinghouse has countered by stating that Stark’s assertions were found to be untrue.
On the show, Stark expressed strong criticism towards cryptocurrencies, referring to them as a detrimental force on society. Additionally, he asserted that crypto tokens should be classified as securities.
His harsh words attracted some backlash within the XRP community, with Garlinghouse himself taking aim at Stark by calling him a “shill” for SEC Chair Gary Gensler.
Responding to this, Garlinghouse made it clear that he has never engaged in any conversation, meeting, or even shared the same space with Gary Gensler. He expressed his anticipation for Paul Atkins taking over as SEC Chair, hoping that he will undo many of the anti-crypto initiatives and cases that were instated under Gary Gensler’s leadership, as stated in a social media post.
It’s been proposed by some that if appointed, Atkins, a known advocate for cryptocurrency with libertarian views, might go down as one of the most impactful SEC Chairs ever.
In a counterpoint, Garlinghouse remarked that Gensler’s anti-crypto remarks seemed remarkably similar to those of the SEC chief. He stated that these claims were “definitely false” and suggested that 60Minutes could have verified this before broadcasting them. Furthermore, Garlinghouse asserted that it was actually the SEC’s failure to safeguard investors that posed a real danger to society.
According to the report from U.Today, Garlinghouse mentioned that a substantial section of his interview with “60 Minutes” was edited out, which included his explanation that XRP is not classified as a security.
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2024-12-09 23:16