Ripple CEO Criticizes US SEC Chairman Amid Efforts To Integrate Crypto And White House Policies | Bitcoinist.com



Amidst
ongoing
broader
efforts
to
align
the
cryptocurrency
space
with
the
White
House
policies,
Ripple
Chief
Executive
Officer
(CEO)


Brad
Garlinghouse


has
publicly
criticized
the
United
States
Securities
and
Exchange
Commission
(SEC)
chairman
Gary
Gensler,
underscoring
the
tensions
between
the
digital
asset
industry
and
government
regulators.


Garlinghouse’s
critique
centers
on
what
he
sees
as
SEC
regulatory
overreach
and
the
absence
of
proper
guidelines
under
the
leadership
of
Gensler.
This
is
because
the
Ripple
executive
believes
the
regulatory
watchdog’s
strategy
toward
the
crypto
landscape
has
constantly
impeded
innovations
and
proved
ineffective.

How To Get Free Crypto  


A
Major
Leap
For
The
Cryptocurrency
Space


In
the
recent


post


on
the
X
(formerly
Twitter)
platform,


Ripple


CEO
Brad
Garlinghouse
started
off
by
expressing
his
gratitude
toward
US
Congressman
Ro
Khanna’s
remarkable
leadership
and
involvement
in
the
crypto
industry.
The
Ripple
CEO’s
acknowledgement
comes
at
a
time
of
ongoing
endeavours
by
the
digital
asset
sector
to
obtain
more
lucid
regulatory
measures
in
order
to
promote
development
and
compliance
in
the
US.


Drawing
attention
to
the
recently
completed
crypto
roundtable,
which
oversaw
major
figures
like
Mark
Cuban,
Coinbase’s
Chief
Legal
Officer
(CLO)
Paul
Grewal,
Circle’s
Chief
Strategy
Officer
(CSO)
Dante
Disparte,
and
US
House
of
Representative
Joe
Neguse,
among
others,
Garlinghouse
noted
that
the
development
marks
the
first
step
towards
turning
words
into
deeds.


Although
Garlinghouse
considers
the
roundtable
a
great
leap
for
the
industry,
regretfully,
he
stated
that
most
democrats
still
support
the
US
SEC
chairman
Gary
Gensler’s
illegal
war
against
crypto. 
According
to
the
Ripple
CEO,
this
has
continuously
hindered
the
potential
for
American
innovation
to
thrive.
As
a
result,
the


GOP


has
declared
its
support
for
the
digital
asset
sector.


The
post
read:


Unfortunately,
the
majority
of
Dems
continue
to
enable
Gensler’s
unlawful
war
on
crypto,
sabotaging
the
ability
for
American
innovation
to
thrive.
It’s
no
wonder
the
GOP
has
announced
a
pro-crypto
stance.


Given
the
current
efforts
to
bring
forth
a
clear
regulatory
environment
for
digital
currencies,
Garlinghouse
has
criticized
Gensler,
saying
he
will
go
down
as
the
Luddite
of
his
time.
“Words
are
easy,
action
is
hard
but
necessary.
Choose
wisely.
Voters
are
paying
attention,”
he
added.

Coinbase Banner  


Need
For
More
Legislation,
Not
Litigation


As
the
digital
asset
sector
continues
to
evolve,
Coinbase
CLO,


Paul
Grewal,


present
at
the
recently
concluded
roundtable
highlighted
that
the
purpose
of
the
meeting
is
to
stress
the
need
for
legislation,
not
more
litigation.


According


to
Grewal,
similar
to
politics,
policies
are
personal,
and
the
52
million
Americans
who
have
owned
cryptocurrency
view
the
administration’s
opposition
to
their
access
to
the
financial
system
as
an
attack
on
them.
This
is
especially
true
for
historically
marginalized
communities,
which
are
disproportionately
unbanked
or
underbanked. 


Thus,
with
the
productive
roundtable,
Grewal
believes
there
is
once
again
hope
for
all
these
to
change,
underlining
the
current
momentum
around


crypto


since
it
is
nonpartisan.

Overall
crypto
market
cap
at
$2.097
trillion
|
Source:
TOTAL
on

Tradingview.com

Featured
image
from
YouTube,
chart
from
Tradingview.com

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Author: Godspower Owie


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