Brad Garlinghouse, CEO of fintech company Ripple, last week made remarks about the court's decision as part of the process initiated by the US Securities and Exchange Commission (SEC) in late 2020.
In this one, the judge did not recognize the placement of XRP in the retail market as the sale of unregistered securities.
Garlinghouse has tweeted that the SEC is hindering the development of decentralized technologies in the US. According to him, the repressive course chosen by the regulator leads to many companies and startups being forced to move to other countries.
As a result, the US economy is losing highly skilled specialists and new jobs.
Ripple's CEO has pointed out the court was the only form of SEC opposition that continues to stifle the industry. Crypto companies must unite to oppose the department's repressive course.