$XRP CEO: NYT Is Pushing "Crypto Dementia" To Hide The SEC's Legal Collapse đ¤Ż
Brad Garlinghouse is slamming the New York Times for constructing a completely false narrative around the SECâs recent retreat from crypto enforcement. The NYT suggests this is political favoritism, but the reality is far more damning for the previous administration. Garlinghouse argues the SEC is simply correcting an "illegal" and legally unsound strategy pursued by former Chair Gensler. This isn't a political choice; it's a necessary correction after federal judges repeatedly humiliated the agency. Remember the D.C. Circuit Court calling the denial of a $BTC ETF "arbitrary and capricious"? Or the federal judge who sanctioned the SEC in the Debt Box case for making "materially false representations"? Coinbaseâs CLO, Paul Grewal, agrees, noting the article implies corruption without a shred of evidence. This is why Galaxy Digital calls it the Gell-Mann amnesia effectâthe media is relying on readers forgetting how legally unsustainable the previous SEC regime truly was. They are actively advancing a failed narrative.
#SECLawsuit #CryptoRegulation #Ripple #XRP
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