Ripple CEO Criticizes SEC Chair Gensler, Highlights Crypto Political Influence

Ripple CEO Brad Garlinghouse discussed the formation of Fairshake, a political action committee aimed at challenging SEC Chair Gary Gensler's aggressive cryptocurrency regulations. Garlinghouse argues that the SEC's crackdown, which included over 120 lawsuits against crypto companies, has united the industry against what he calls a "war on crypto." He emphasized that Fairshake's mission is to advocate for a balanced legal framework for blockchain technology in the U.S., aligning with political goals to make the country a leader in cryptocurrency. Ripple has spent over $150 million in legal fees defending its stance that XRP is not a security.