The Ripple case is coming to an end, but the fight for clarity ‘must go on’ – Brad Garlinghouse

Ripple CEO Brad Garlinghouse has warned that even though Ripple’s legal battle against the United States financial watchdog is “coming to an end”, it is only the beginning of a much bigger battle for the industry, stressing that The fight for clarity “has to go on.” ,

The Hinman documents were finally unsealed on June 13, after a long back-and-forth between Ripple and the United States Securities and Exchange Commission (SEC).

Garlinghouse has long argued for the removal of these documents, which pertain to a 2018 speech by Hinman stating that Ethereum (ETH) is not a security. Garlinghouse believed this could bolster his argument that Ripple’s token, XRP, is not even a security.

In a recently published video on Twitter on June 17, Garlinghouse said that ignoring the Hinman documents showed that the SEC “intentionally created confusion about the rules, and they used that confusion through enforcement.” “

Trying something new – Some thoughts from me on this week’s events (especially the release of the Hinman documents). For me, it all had a personal bent to it – and felt like it warranted some personal comments. pic.twitter.com/k4dYeQGhsN

— Brad Garlinghouse (@bgarlinghouse) June 16, 2023

Garlinghouse described the actions as acting in “bad faith, plain and simple” and reiterated that the trial was being timed to be launched in December 2020, a few days before Christmas, “a very grinning touch.”

“It is the definition of putting politics on the people (…) and the pursuit of power over sound policy” he said.

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He explained that during all of his meetings with the SEC prior to filing the lawsuit, he “answered every question (the SEC), and not once did he suggest to me that XRP was a security.”

Garlinghouse argued that Hinman’s speech was not about “any one token or any one blockchain” in itself, but more about the “relentless” enforcement action by the SEC.

“It’s about showing the extent to which the SEC has consistently taken action against crypto players, claiming fake open arms and calls to come and register, all while lying about their so-called guidance.” Are.”

Garlinghouse further explained that “at best,” the documents show that senior SEC officials “couldn’t agree” on the law and directly told Bill Hinman that “he wants to confuse the public even more about crypto regulations.” Will do.”

Cointelegraph reported on June 13 that notes in the disclosed documents suggested editors were concerned that Hinman said that given that ether is not a security, it “could make it difficult for the agency to take a different position on ether in the future.”

However, Garlinghouse noted that “at worst” the documents showed that Hinman “willfully ignored the law” and tried to “make new laws”, insisting that only Congress had the power to do so. is the power of

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