The post Brad Garlinghouse Calls Out 60 Minutes Over XRP Coverage appeared on BitcoinEthereumNews.com.

Ripple executives have recently taken center stage in the cryptocurrency community, sparking discussions on regulatory battles, market potential, and investor behavior. CEO Brad Garlinghouse criticized a 60 Minutes segment for omitting critical details about Ripple’s legal battle with the SEC, while CTO David Schwartz’s cryptic “lock in” message fueled bullish sentiment among XRP enthusiasts.  Brad Garlinghouse Criticizes Omission of Key Facts in 60 Minutes Crypto Election Segment Ripple Labs CEO Brad Garlinghouse has criticized CBS’ 60 Minutes for allegedly leaving out significant details in its recent segment on cryptocurrency’s influence in the 2024 United States elections. Taking to social media platform X on Dec. 8, Garlinghouse accused the program of providing an incomplete narrative, particularly concerning the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). The 60 Minutes report, spearheaded by journalist Margaret Brennan, delved into the role of cryptocurrency in US politics. It highlighted Ripple’s financial support for Fairshake, a political action committee (PAC) advocating for pro-crypto candidates. Ripple’s contributions reportedly amounted to millions of dollars in a bid to influence the elections toward more favorable outcomes for the blockchain and crypto sector. As part of the segment, Garlinghouse explained the SEC’s allegation against Ripple, which claimed that the company’s sales of XRP constituted the sale of unregistered securities. This legal contention, filed in December 2020, has become a cornerstone in the broader debate over the regulatory classification of digital assets. “Their allegation was that Ripple and our sales of XRP represented the sale of an unregistered security,” Garlinghouse stated in the interview. Garlinghouse’s criticism of 60 Minutes stems from what he views as a significant omission. He noted that the program failed to highlight a pivotal July 2024 ruling, where a federal judge declared that XRP was not a security in the context…

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Filed under: News - @ December 10, 2024 6:16 am