Elon Musk Shows His Support For Ripple CEO Brad Garlinghouse• October 21, 2022 1:18 am • Comments
Elon Musk’s latest reply to Ripple’s CEO Brad Garlinghouse shows what team the billionaire is on
Shortly after Ripple’s general counsel Stuart Alderoty took to Twitter and announced Ripple now has possession of the Hinman emails, Garlinghouse fired off a tweet himself.
In Garlinghouse’s tweet, he stated “The SEC wants you to think that it cares about disclosure, transparency, and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you.”
Shortly after Garlinghouse sent off the tweet, Musk agreed with the Ripple CEO and replied to Garlinghouse by saying “no way”.
Take a look here:
— Elon Musk (@elonmusk) October 21, 2022
After Musk made the tweet, the XRP community went crazy!
Take a peek at some of their responses to Musk:
— CryptoBullXRP (@CryptoBull2020) October 21, 2022
— X's in my Future.patience (@westBfieldLa) October 21, 2022
— yep (@AmericaEffYeaa) October 21, 2022
The Big Dog is in the XRP house. G’day Mr Musk. https://t.co/SOzeVj2s2R
— Matt Dobson 🇦🇺🦘 (@EddyDobson) October 21, 2022
Check out what Decrypt had to report about Ripple’s recent big win against the SEC:
A veritable treasure trove of email messages and documents from within the Securities and Exchange Commission has been turned over to Ripple, whose founders created the XRP cryptocurrency and now find themselves as defendants in a high-profile legal battle with the regulatory agency over its assertion that XRP was illegally sold as an unregistered security.
Stuart Alderoty, Ripple general counsel, broke the news on Twitter on Thursday, declaring victory in an 18-month battle (within the larger war) over the collection of discovery materials dubbed “the Hinman documents.”
The documents revolve around former SEC director William Hinman and a much-publicized speech he delivered in 2018 declaring that Ethereum—like Bitcoin—was “sufficiently decentralized” and thus not subject to federal securities regulation.
Hinman’s remarks that day represent the thickest cloud currently looming over ongoing debates over crypto regulations, and play a key role in the SEC’s December 2020 lawsuit against Ripple, asserting that Ripple sold XRP as an unregistered security. With a market cap of $22.3 billion, according to CoinGecko, XRP is currently the sixth-largest cryptocurrency.
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