Garlinghouse had this to say about the dispute with the SEC,
“Prior to the case, we had been advocating for more clarity around the rules and regulations. And the good news has been other countries around the world have leaned into that […]. The SEC, frankly, has just hired more litigation for what we call regulation through enforcement and really just started suing lots of people. What’s unfortunate is that they have lost consistently.”
Garlinghouse went on to discuss SEC cases against other crypto firms, saying,
“ From my point of view, the SEC has lost consistently. They lost the Grayscale case. I think, if you’re following the Coinbase case, the tone from the Judge is pretty skeptical about the SEC’s arguments. It stops, I think when the SEC either realizes they’re losing consistently or you have Congress lean in and write new legislation. That’s probably going to be hard in Election Year. Maybe we’ll see…
