CandleFocus Elon Musk Slams SEC, Ripple CEO Agrees
2024-12-14
Author: Content Editor
Elon Musk criticizes the U.S. SEC, calling it a "weaponized institution" in a recent post. Ripple CEO Brad Garlinghouse and CTO David Schwartz respond to Musk's comments. Musk's criticism comes after a court ruling that the SEC acted unlawfully in approving a Nasdaq policy. The U.S. Supreme Court rejects the SEC's request to impose sanctions on Musk. Musk announces the establishment of DOGE and plans to reduce the federal budget. RLUSD stablecoin obtains approval in New York, increasing competition in the stablecoin market. The U.S. Court of Appeals directs the SEC to file its last arguments in the case against Ripple. Ripple argues that XRP should be classified as a digital currency, not a security.
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