IPO - Ripple CEO Keeps IPO Option Open Calls Gary Gensler A 'Political Liability' | Benzinga
Ripple (CRYPTO: XRP) CEO Brad Garlinghouse criticized Securities and Exchange Commission (SEC) Chair Gary Gensler, characterizing his position on crypto regulation as rigid and counterproductive.
What Happened: Speaking at the World Economic Forum in Davos, Garlinghouse told CNBC on Jan. 16 that Gensler’s approach is not in “the best interest of the citizenry” and could stifle economic growth. He claimed that Gensler’s actions have rendered him a “political liability.”
Garlinghouse took issue with Gensler’s classification of most crypto assets as securities and speculated that it may be driven by politics more than economics or consumer protection. “I think Gary Gensler is doing the same thing over and over again, expecting to win in court, despite repeated losses,” he said.
Comparing ...