Ripple CEO Brad Garlinghouse has warned that the legal battle against the US financial watchdog is only the beginning of a larger battle for the cryptocurrency industry, and the fight for regulatory clarity “has to continue.” Garlinghouse criticized the SEC’s actions as a clear case of “bad faith, plain and simple,” and believes that the agency is “looking to kill” innovation and the cryptocurrency industry in the US. He emphasized that the industry must work together as the SEC could take action against more crypto firms in the future.
