Ripple Labs CEO Brad Garlinghouse says the ruling by a federal judge that Ripple's XRP token is a security when sold to institutional investors is a victory for the crypto industry. Speaking with Matt Miller and Jon Erlichman on "Bloomberg Markets," Garlinghouse says the SEC overreached and increased confusion around crypto regulation.

Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter:   / business  
Facebook:   / bloombergbusiness  
Instagram: https://www.instagram.com/quicktake/?...