Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler for his combative stance on crypto, calling his actions “a waste of time and taxpayer dollars.” The SEC is set to file an appeal against Ripple on January 15, just days before Gensler’s resignation. Garlinghouse accused Gensler of clinging to his “regulation-by-enforcement” agenda despite the 2024 election outcome. With Trump’s re-election, Garlinghouse anticipates a more crypto-friendly SEC. Gensler, however, maintains his anti-crypto stance, calling the industry “built around noncompliance.” The appeal may collapse post-Gensler’s exit.
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