- Craig Wright says the SEC is an underfunded government department that is limited in terms of validations.
- According to Wright, if the SEC was correctly funded, Ripple would be gone years ago.
- The self-acclaimed Bitcoin creator has accused Ripple of constantly lying to the SEC.
Acclaimed creator of Bitcoin, Craig Wright has taken a swipe at the Securities Exchange Commission (SEC), describing it as “an underfunded government department.” He said this while taking a dig at Ripple’s CTO, David Schwartz, whose company is under investigation by the department.
Craig’s swipe was part of a responding tweet to Schwartz’s question to him during a recent debate. Schwartz highlighted a portion of the SEC’s memo where Ripple’s implementation of ODL among banks was mentioned. Schwartz also asked Wright if he thinks that the SEC was also involved in the scam of which he has accused Ripple.
To this question, Craig responded by linking the SEC’s inability to conclude its case against Ripple to the lack of funds. He also accused Schwartz and Ripple of constantly lying to the SEC.