<ul><li>Ripple CEO Brad Garlinghouse labels SEC Chairman Gary Gensler a “political liability,” questioning his alignment with American interests and economic growth.</li><li>SEC faces setbacks in legal actions against cryptocurrency firms, including dropping charges against Ripple, pointing to flaws in its regulatory approach.</li><li>Garlinghouse raises concerns over Gensler&#39;s alleged connections with former FTX CEO and the SEC&#39;s failed legal challenge against Grayscale Investments’ Bitcoin trust.</li></ul>The Chairman of the U.S. Securities and Exchange Commission (SEC) is under fire once again from Ripple CEO Brad Garlinghouse. During his <a href="https://www.cnbc.com/2024/01/16/ripple-ceo-calls-us-sec-chair-gary-gensler-a-political-liability.html?taid&#61;65a656a3e3a6540001804cba&amp;utm_campaign&#61;trueanthem&amp;utm_medium&#61;social&amp;utm_source&#61;twitter%7Cmain" rel="noopener noreferrer nofollow">interview</a> at the World Economic Forum in Davos, Garlinghouse called SEC’s Gensler a “political liability.” He also questioned whether Gensler was truly focused on his duties toward the American public and the long-term growth of the economy. Garlinhouse believes the U.S. would benefit if there were a change in leadership at the SEC.The criticism comes at a time when the SEC has been very careful about its stance regarding the cryptocurrency industry. The regulator has been slow in approving <a href="https://cryptotale.org/bitcoin-etf-approval-disappoints-whats-next-for-btc-price/" rel="noopener noreferrer nofollow">Bitcoin ETF</a>s and has initiated several big lawsuits against several cryptocurrency firms. There&#39;s a lot of discussion about how the SEC handles these legal matters, especially in its <a href="https://cryptotale.org/sec-intensifies-legal-pressure-on-ripple-seeking-770-million/" rel="noopener noreferrer nofollow">case against Ripple</a>. The SEC had also accused Garlinghouse and co-founder Chris Larsen of breaking securities laws. But later, the SEC <a href="https://cryptotale.org/ripple-ceo-celebrates-ripples-victory-against-sec-at-the-proper-party/" rel="noopener noreferrer nofollow">dropped</a> these charges. This was seen as a major setback for the SEC.In his interview, which was being hosted by CNBC&#39;s Arjun Kharpal, Garlinghouse <a href="https://twitter.com/bgarlinghouse/status/1747317860345798971" rel="noopener noreferrer nofollow">stated</a>:&#34;I do think the chair of the SEC, Gary Gensler, is a political liability in the United States. And I think he’s not acting in the interests of the citizenry, he’s not acting in the interests of the long-term growth of the economy, and I don’t understand it.&#34; Read full article at <a href="https://cryptotale.org/secs-gensler-faces-criticism-from-ripples-garlinghouse-over-crypto-strategy/" rel="noopener noreferrer nofollow">CryptoTale.</a>

SEC's Gensler Faces Criticism from Ripple's Garlinghouse Over Crypto Strategy

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