Summary:
Ripple CEO Brad Garlinghouse has publicly criticized Gary Gensler, the head of the US Securities and Exchange Commission (SEC), calling him “mentally ill” and a “political liability.” The two parties have been engaged in a legal battle for three years. Garlinghouse criticized Gensler’s anti-crypto stance and the SEC’s lawsuits against leading crypto exchanges. He argued that Gensler’s actions were harming the US economy and citizens. Garlinghouse and Ripple are part of a group of donors supporting crypto-friendly candidates in the upcoming US elections.
Introduction:
The relationship between Ripple (XRP) and the US Securities and Exchange Commission (SEC) has been contentious, with the two parties embroiled in a legal battle for the past three years. Ripple CEO Brad Garlinghouse recently took personal aim at SEC Chairman Gary Gensler, publicly criticizing him and calling him “mentally ill” and a “political liability.” This article examines the ongoing conflict between Ripple and the SEC and Garlinghouse’s recent comments about Gensler.
Main Points:
- Ripple CEO Brad Garlinghouse has publicly criticized SEC Chairman Gary Gensler, calling him “mentally ill” and a “political liability.”
- Gensler’s anti-crypto stance and the SEC’s lawsuits against leading crypto exchanges have been the primary source of contention between Ripple and the regulatory body.
- Gensler’s actions are seen as harmful to the US economy and citizens, according to Garlinghouse.
- Ripple and Garlinghouse are part of a group of donors supporting pro-crypto candidates in the upcoming US elections.
Conclusion:
The ongoing conflict between Ripple and the SEC has escalated with Ripple CEO Brad Garlinghouse publicly criticizing SEC Chairman Gary Gensler. Garlinghouse’s comments highlight the deep divisions between the crypto industry and regulatory bodies like the SEC. The outcome of this conflict will have significant implications for the future of cryptocurrencies in the US.