Ripple CEO Brad Garlinghouse went on "60 Minutes" to talk about the crypto world! 🌎 And guess what? He said the crypto industry actually wants regulations. 🧑⚖️ They're not trying to avoid the rules, they just want clear guidelines to follow.
But not everyone agrees! John Reed Stark, a former SEC official, was also interviewed and he called crypto a "scourge." 😫 He thinks it's all just speculation and doesn't have any real value. He even said most cryptocurrencies should be treated like securities.
Garlinghouse fired back! 🔥 He argued that the old laws about securities don't make sense for this new technology. He also wasn't happy with how the "60 Minutes" segment turned out. 😠 He said they cut out the part where he explained why XRP isn't a security. He even called Stark a "shill" for being so negative about crypto! 🤭
Here's the gist:
Crypto wants regulations: The industry wants clear rules, not a free pass.
Differing opinions: Stark and Garlinghouse have very different views on crypto.
$XRP debate: Garlinghouse insists XRP is not a security.
"60 Minutes" drama: Garlinghouse feels the segment was edited unfairly.
Oh, and XRP's price has been a bit shaky lately. 😅 Even though it hit a high point earlier this month, it's down a little now. 📉
What do you think about all this? 🤔 Let me know! 💬