Ripple CEO Brad Garlinghouse Calls Gary Gensler’s Meetings With Sam Bankman-Fried ‘Shameful’

The chief executive of Ripple Labs says that former FTX CEO Sam Bankman-Fried’s meetings with U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler were “shameful.” Responding to an opinion piece by the Wall Street Journal questioning Gensler’s failure to foresee the FTX collapse, Brad Garlinghouse says it was shameful that the SEC chair was caught off-guard by the debacle, even after meeting with Bankman-Fried multiple times. “It’s ridiculous and frankly shameful that Chair Gensler was touting the SEC’s enforcement actions as the ‘cop on the beat,’ yet (per public reports) MET with multiple times, but was caught