During the DC Fintech Week virtual conference, Ripple CEO Brad Garlinghouse stated that the US Securities and Exchange Commission (SEC) has allowed the leading altcoin to surpass XRP as a regulatory nedollarsic result provided to the second largest crypto, Ether. stated.
Ripple CEO: Regulatory nedollarsik provided ETH’s paddling
Speaking at the recent DC Fintech Week conference, Ripple CEO Garlinghouse talked about the regulatory nedollarsik provided to the altcoin Ethereum, which is in the leading position with its market cap, “Formerly, XRP was the second most valuable crypto asset. “When the SEC allowed ETH to pass, ETH would have obviously paddled… That nedollarsik helped.”
Garlinghouse adds that market forces should determine winners and losers rather than regulators. Cryptocoin. com
As we reported , XRP was the second largest crypto in December 2017, but has since dropped to number seven. Ether is now (and for a long time) in second place, with market cap recently surpassing banking giant JPMorgan.
Garlinghouse criticized Gary Gensler for refusing to misrepresent whether the rival cryptocurrency is a security, adding that existing securities laws are outdated. He also praised the “Twitter detectives” who were busy investigating the SEC’s case against Ripple. The Ripple executive reiterated his oft-repeated claim about the lack of nedollarsik in the US and said, “In the United States, we are growing much more outside the series.”