Ripple CEO Slams SEC Chief's 'Rigid' Crypto Rules as Innovation Roadblock
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Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler's "rigid" crypto regulation approach as a "political liability" that could stifle innovation.
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Garlinghouse speculated Gensler's crypto securities classification is politically motivated rather than economically or consumer driven.
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Garlinghouse said repeated court losses show Gensler is "doing the same thing over and over again, expecting to win."
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While an IPO remains an option, Garlinghouse said it's "not an immediate term priority" amid a hostile regulatory environment.
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Garlinghouse believes other crypto ETFs beyond Bitcoin will be approved but did not commit Ripple to offering one.