Ripple CEO Criticizes SEC Chair Amid Legal Dispute
- Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler for a “regulation-by-enforcement” strategy.
- The criticism follows Ripple’s legal victory against the SEC, with an appeal pending.
- The SEC’s lawsuit accused Ripple of offering XRP as an unregistered security.
- A court ruled in favor of Ripple, stating XRP sales to retail investors were not securities.
- Gensler views Bitcoin as a commodity but considers other tokens as securities.
Brad Garlinghouse has voiced opposition to Gary Gensler’s regulatory approach as the SEC prepares to appeal Ripple’s recent legal win. The court previously ruled that XRP sales were not securities, contrasting with the SEC’s stance. Gensler is set to leave his position on January 20.
