Ripple CEO Slams SEC Chair for Wasting Time Suing Ripple as XRP Price Falters
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Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler, saying SEC wasted time suing Ripple instead of preventing crypto scams.
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Garlinghouse blamed lack of regulatory clarity from US government for banks' skepticism in adopting XRP.
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XRP price fell 9% in recent days to around $0.65, threatening to erase recent 30% gains.
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If XRP price falls below $0.644 support, it could drop further to $0.600 or $0.551 levels.
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Ripple and SEC submitted proposed schedule to Judge regarding remedies, asking for 90 days to address issues.