Ripple boss fires back at SEC rules
Ripple’s chief spokesperson slammed the U.S. securities regulator as a “war‑zone for crypto,” saying it has lost its direction under the current head. He described the SEC’s approach as a “power grab” that courts have already ruled wrong, citing a case where the regulator abused its authority.
In contrast, the Ripple leader praised the new SEC chief as a “breath of fresh air.” He lauded the newcomer for focusing on investor protection while encouraging innovation that benefits both traders and markets.
Ripple has been embroiled in a five‑year legal battle over the status of its digital token, XRP. The dispute ended last year when a new administration intervened and the regulator’s stance softened.
The new SEC head envisions turning America into a global crypto hub, arguing that outdated rules create confusion and need updating.
Current XRP Price
$1.42 — up a little more than 1% in the past day.