United

Gary

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-ceo-criticizes-sec-chairman-gary-genslers-approach/" data-wpel-link="internal">Ripple CEO Criticizes SEC Chairman Gary Gensler’s Approach</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/ripple-case-latest-statements-from-ripples-chief-legal-officer/" data-wpel-link="internal">Ripple</a> CEO Brad Garlinghouse recently expressed concerns about the actions of United States Securities and Exchange Commission (<strong>SEC</strong>) Chairman Gary Gensler. Garlinghouse suggests that Gensler’s actions are perceived as a political responsibility in the US and questions whether his decisions are consistent with the broader interests of citizens and long-term economic growth.</p> 
<h2 style="text-align: justify" id="ripple-ceo-garlinghouse-s-criticism">Ripple CEO Garlinghouse’s Criticism</h2> 
<p style="text-align: justify">Brad Garlinghouse’s statements bring a critical perspective to Gary Gensler’s role as the chairman of the SEC. According to Garlinghouse, Gensler’s actions are perceived to be different from the interests of citizens and the goals of promoting long-term economic growth.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-303434 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/sec-brad-garlinghouse-cointurk-scaled.jpg" alt="" width="2560" height="1707"></p> 
<p style="text-align: justify">This criticism raises questions about the regulatory approach adopted by the SEC under Gensler’s leadership and its potential impacts on the cryptocurrency industry.</p> 
<h2 style="text-align: justify" id="gensler-as-a-political-responsibility">Gensler as a Political Responsibility</h2> 
<p style="text-align: justify">Ripple CEO Garlinghouse goes further by characterizing Gary Gensler as a “political liability” within the US. This characterization implies that Gensler’s actions and decisions could be perceived as politically motivated or could have political implications.</p> 
<p style="text-align: justify">The dynamics between regulatory bodies and the cryptocurrency industry often lead to political outcomes. Therefore, Garlinghouse’s statement contributes to the ongoing discourse surrounding the intersection of crypto regulation and political considerations.</p> 
<h2 style="text-align: justify" id="ripple-s-stance-on-regulatory-challenges">Ripple’s Stance on Regulatory Challenges</h2> 
<p style="text-align: justify">As a leading player in the cryptocurrency space, Ripple navigates a complex regulatory environment, particularly with its digital asset XRP. The SEC filed a lawsuit against Ripple Labs in December 2020, claiming that the sale of <strong>XRP</strong> constituted an unregistered securities offering. The legal battle has become a focal point in the crypto industry, drawing attention to Ripple’s stance on regulatory issues.</p> 
<p style="text-align: justify">Ripple CEO Garlinghouse’s criticism of Gensler’s approach raises broader questions about the regulatory environment for cryptocurrencies in the United States. As the <strong>cryptocurrency</strong> industry continues to grow and gain significance, regulatory clarity becomes essential for businesses to operate effectively and innovate within the sector.</p> 
<p style="text-align: justify">Statements by industry leaders like <strong>Garlinghouse</strong> contribute to the ongoing dialogue on shaping a regulatory framework that encourages innovation while addressing potential risks.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ripple-ceo-criticizes-sec-chairman-gary-genslers-approach/" data-wpel-link="internal">Ripple CEO Criticizes SEC Chairman Gary Gensler’s Approach</a></h5>

Ripple CEO Criticizes SEC Chairman Gary Gensler’s Approach

Table of Contents

COINTURK NEWS

Other articles published on Jan 16, 2024

Interview with OKX MENA GM as Crypto Exchange Secures VASP License

BitMEX moon mission to end with bitcoin burning up on re-entry

Morgan Stanley Falls Short of EPS Expectations in Q4, But Revenue Beat at $12.9B

PlanB’s Market Cycle Analysis: Bitcoin Gears Up For Skyrocketing Beyond $100,000

Crypto market 2022-2023: from dizzying heights to cautionary tales

Bitcoin Price Falls Sharply As It Fears Another Loss Over $40,000

Join our free newsletter for daily crypto updates!