Tesla CEO Elon Musk has reacted to a new tweet by Ripple CEO Brad Garlinghouse following the Securities and Exchange Commission (SEC)’s handover of the Hinman documents to the blockchain firm.
Brad Garlinghouse, in a terrifying and stern recent tweet, warns the esteemed public not to believe the SEC’s supposed idea of clarity, disclosure, and transparency.
Elon Musk Supports Ripple and XRP
In a tweet on the 21st of October, Brad Garlinghouse, Ripple CEO, shared Ripple General Counsel Stuart Alderoty’s tweet that revealed the SEC has finally handed over the Hinman documents.
The tweet revealed evidence that included the in-house SEC emails and drafts of former SEC Director Hinman’s 2018 speech that could confirm Ripple’s victory in the lawsuit.
The federal regulator insisted Ripple keep the document private for now. Ripple also congratulated the XRP community and others who contributed towards receiving documents after 18 months and six court orders.
Garlinghouse tweeted, “Don’t believe the SEC; they only want you to believe that they truly care about clarity, transparency, and disclosure. The real fact will soon be revealed. Their lousy attitude will be exposed in the open.”
Then, Elon Musk responded, “Yes!!!,” Musk expressed his delight for the Ripple community and XRP holders while berating the SEC over its allegations.
Currently, the positive news may have caused the jump in the price of Ripple’s native token (XRP). XRP is trading at $0.45, up by nearly 2.9% in the last 24 hours.
Elon Musk’s History With the SEC
Billionaire Elon also has a history with the SEC, where the federal regulators went after him for his negative tweets. Also, they continue to investigate him over his recent Twitter acquisition.
In 2018, a consent decree enforced by the financial watchdog forced Elon Musk to seek approval from his attorney before sharing any news about Tesla matters on Twitter. The Billionaire and his legal luminaries tagged the SEC’s moves a “government-enforced oppression.”
The lawyers contend that the SEC’s action violates free speech rights. Moreover, the SEC has questioned Musk’s comments regarding his recent Twitter acquisition.
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