Crypto Czar Criticizes SEC’s Harsh Approach Amid Ongoing Ripple Lawsuit, Calls for Clearer Rules
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has now spanned over four years, drawing sharp criticism from Ripple’s CEO, Brad Garlinghouse, and other crypto industry leaders. As the case continues, Garlinghouse and key figures like attorney John Deaton have repeatedly called for clearer, more consistent regulations from U.S. lawmakers and regulators, particularly the SEC.Garlinghouse has been vocal in criticizing SEC Chair Gary Gensler, claiming the agency’s lack of clear rules has created an unpredictable environment for crypto companies. He, along with other industry figures, has expressed frustration over what they see as unfair enforcement and the failure of the SEC to provide clear guidance on crypto operations.However, major shift...