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Ripple CEO Says SEC Has No Infrastructure for Registered Tokens

Ripple (XRP) CEO Brad Garlinghouse said the United States Securities and Exchange Commission (SEC) has “no infrastructure for a “registered token” to trade nor provided any clarity” on what these tokens are.

Garlinghouse noted that the SEC under Chair Gary Gensler, has severally urged crypto firms to register with the financial regulator. However, the commission has failed to provide a framework for trading registered tokens and what these tokens are.

According to Garlinghouse, the SEC’s moves have declared war against the crypto industry. Recently, the regulator brought several enforcement actions against crypto firms that allegedly violated federal securities laws.

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