Sat. Sep 25th, 2021

    The head of Ripple supports Coinbase in the conflict with the SEC

    Ripple CEO Brad Garlinghouse said that the warning received from the SEC put Coinbase in a situation similar to his company. He stressed that the regulator “continues the war against cryptocurrencies” and hinted at possible cooperation between the two organizations.
    In June, Coinbase announced Lend crypto-savings accounts. The company said it has been actively engaging with the SEC about the product launch over the past six months. However, last week, the regulator warned the Bitcoin exchange about prosecution if the tool was launched. The Commission has not clarified why it considers Lend as a security.