Ripple CEO Criticizes US SEC Chairman Amid Efforts To Integrate Crypto And White House Policies
Summary
Ripple CEO Brad Garlinghouse criticized SEC chairman Gary Gensler for regulatory overreach and lack of clear guidelines, hindering crypto innovation. He praised US Congressman Ro Khanna's leadership and a recent crypto roundtable but lamented Democrats' support for Gensler's approach. Coinbase CLO Paul Grewal emphasized the need for legislation, not litigation, to support the 52 million Americans in crypto and address financial access issues. The roundtable signals hope for change and bipartisan momentum in the crypto industry.
