Elon Musk, the CEO of the electric car manufacturing company Tesla, has recently responded to Brad Garlinghouse’s tweet in relation to the SEC’s effort in claiming that it cares about disclosure, transparency, and clarity.
As earlier reported by Times Tabloid, the SEC has finally released the drafts of William Hinman’s speech of 2018 about the security status of Ethereum (ETH), which has been the bone of contention between the two parties over the last 18 months.
It should also be noted that six different court orders preceded the release of the contentious documents, indicating that the SEC was left with no choice.
In an announcement a few hours ago, Ripple general counsel Stuart Alderoty wrote,
“Over 18 months and 6 court orders later, we finally have the Hinman docs (internal SEC emails and drafts of his infamous 2018 speech). While they remain confidential for now (at the SEC’s insistence), I can say that it was well worth the fight to get them.
“I’ve always felt good about our legal arguments, and I feel even better now. I always felt bad about the SEC’s tactics, and I feel even worse about them now.”
Brad Garlinghouse Responds to the Favorable Development
In response to the favorable development, Ripple CEO Brad Garlinghouse took to Twitter to say that the SEC does not care about disclosure, transparency, and clarity as claimed.
Although the documents still remain confidential, Garlinghouse said when the truth about what the SEC is hiding is eventually released, the shamefulness of their behavior will be shocking.
Brad Garlinghouse tweeted, “The SEC wants you to think that it cares about disclosure, transparency, and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you.”
The SEC wants you to think that it cares about disclosure, transparency and clarity. Don’t believe them. When the truth eventually comes out, the shamefulness of their behavior here will shock you. https://t.co/rqEzDXEx1A
— Brad Garlinghouse (@bgarlinghouse) October 20, 2022
Elon Musk’s Cryptic Response
Out of all the reactions that greeted Ripple CEO’s tweet, Elon Musk’s cryptic response caught the most attention.
In response to Garlinghouse’s viral tweet, Musk said, “No way.”
— Elon Musk (@elonmusk) October 21, 2022
As expected, his response left many people questioning his stance on the lawsuit between Ripple and the SEC. Maybe he’s for or against Ripple, nobody knows. However, XRP enthusiasts are elated that he’s following the case as it progresses.
It’s worth mentioning that the Tesla CEO is also at loggerheads with the SEC in a bid to overturn an order that requires him to seek approval from his attorney before he can make Tesla-related disclosures on Twitter.
Follow us on Twitter, Facebook, Telegram, and Google News