Ripple CEO Urges US Democrats to Regulate Crypto, Criticizes “Counter-Revolutionary” SEC Chairman

Ripple CEO Brad Garlinghouse has emphasized the need for real action in cryptocurrency regulation following a key roundtable discussion.

The discussion, hosted by US Senator Ro Khanna, brought together prominent figures such as Mark Cuban, Coinbase chief legal officer Paul Grewal and Circle chief strategy officer Dante Disparte, and senior officials such as Anita Dunn, a senior adviser to President Joe Biden, along with SEC Chairman Gary Gensler, whose regulatory policies have been controversial.

Garlinghouse praised Senator Khanna for his participation but criticized the Democratic Party for allegedly "abetting" the SEC Chairman's policies. The Ripple CEO believes that the Democratic Party is hindering American innovation in the cryptocurrency sector, calling Gensler a “counter-revolutionary” with policies that prevent progress. Despite the criticism, industry leaders showed cautious optimism following the discussion. Kristin Smith from the Blockchain Association noted positive progress in the cryptocurrency discussion in Washington, highlighting the industry's growing importance to voters and its maturing influence.

Since entering the 2024 election year, cryptocurrency regulation has become a divisive issue. Former President Donald Trump has expressed support for the industry, and the US Republican Party has pursued a favorable stance towards cryptocurrencies.#Write2Win #binance #Xrp🔥🔥