At the World Economic Forum, Ripple CEO Brad Garlinghouse expressed concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to regulating cryptocurrency. He criticized SEC Chair Gary Gensler’s strict policies, suggesting they may be politically motivated and could impede economic growth.
Garlinghouse stressed the importance of the U.S. remaining competitive in the global market, particularly in light of potential regulatory developments like stablecoin legislation. He noted that the SEC’s selective approval of an exchange-traded fund (ETF) has had a significant impact on the value of cryptocurrencies and the overall crypto market.
In addition, Garlinghouse discussed Ripple’s strategic focus, which includes expanding its payment solutions and ensuring financial stability for future acquisitions. However, he also acknowledged the company’s cautious stance on potentially going public, given the current regulatory climate and the SEC’s handling of cryptocurrency-related offerings.
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