Brad Garlinghouse Slams Gary Gensler for SEC’s “Failed Agenda”
Ripple CEO Brad Garlinghouse denounced SEC Chairman Gary Gensler for his combative stance on the crypto industry, which lasted even until the end of his term.
The SEC is scheduled to file opening statements in its appeal against Ripple on January 15 and has declined to postpone it. In five days, Gensler would resign, and the entire committee would have changed dramatically, rendering the gesture meaningless.
bailiff garlinghouse mock
Brad Garlinghouse has good reason for SEC Chairman Gary Gensler.
A year ago, he called Gensler a “political liability”; The legal battle between Ripple and the SEC It will only make things worse. However, Garlinghouse took to social media today to directly criticize Gensler over the case, accusing him of wasteful stinginess.
“Gensler famously – completely dismissive of the 2024 election and the American public – was fully committed to his failed ‘enforcement regulation’ agenda until the very end. Sad!” claim Garlinghouse.
Specifically, Garlinghouse posted this news in response to Ripple Chief Legal Officer Stuart Alderoty. Alderoty claims commission is trying to appeal against Ripple Five days before Gensler quitwhich he called “a waste of time and taxpayers’ money!”
In other words, Gensler is trying to delay the Garlinghouse fight as long as possible.
Since Donald Trump was re-elected as US President, Gensler and Garlinghouse sit At both ends of the political transition. Garlinghouse on the one hand Praising what he calls the “Trump effect” and is already Looking forward to a friendlier SEC.
Meanwhile, Gensler fiercely maintain outward contempt for the crypto industry. He still believes the industry is “built around breaches” and is full of bad actors.
In other words, Garlinghouse said Gensler acted with malicious intent. Whatever arguments the SEC makes on January 15, its appeal against Ripple is likely to collapse less than a week later.
Garlinghouse has maintained since October XRP ETF is inevitableregardless of the SEC’s current hostility. For now, any changes to the agency’s leadership and regulatory structure will likely look like an improvement.
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