Coinbase CEO Brian Armstrong says the SEC v. Ripple case “seems to be going better than expected.” He added that the U.S. Securities and Exchange Commission “is realizing that attacking crypto is politically unpopular.”

Coinbase’s CEO on the Ripple Lawsuit, SEC Attacking Crypto

The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, commented on the enforcement action against Ripple Labs by the U.S. Securities and Exchange Commission (SEC) Monday. Referencing a Forbes article titled “The crypto uprising the SEC didn’t see coming,” he tweeted:

The Ripple case seems to be going better than expected. Meanwhile, the SEC is realizing that attacking crypto is politically unpopular (because it harms consumers).

“The irony is that the people they are supposedly protecting are the ones attacking them,” the Coinbase boss added.

Ripple CEO Brad Garlinghouse has made a similar statement regarding the SEC. Noting that the regulator is refusing to provide a clear framework for crypto, he said:…

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Source: https://news.bitcoin.com/coinbase-ceo-sec-v-ripple-case-going-better-than-expected-investors-hopeful-xrp-will-be-relisted-soon/