SEC is Trying to Hide Behind Enforcement Actions after Failing in FTX Debacle, States Ripple’s CEO
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CEO Ripple Brad Garlinghouse castigates SEC Chairman Gary Gensler yet again as the executive says no to more digital currencies. Chairman Gensler and the Crypto Industry Since Gary Gensler’s appointment as the SEC Chairman he has had a bad relationship with the crypto industry. Despite the market participants’ overwhelming willingness to engage with the SEC in a positive manner, Gensler took a route of enforcement. SEC’s policy of regulating crypto through enforcement has faced a backlash from across the financial market as the policy spreads fear and uncertainty. Even the US lawmakers seem discontent with Chairman Gensler. Remarkably, at the
On Sept. 24, Minnesota Representative Tom Emmer took aim at Gary Gensler over his “disastrous record” as Chairman of the SEC. The grilling came during a House Financial Services Committee congressional hearing. Emmer accused Gensler of expecting political allegiance from SEC staff, including civil servants; however, the SEC chair denied this…
TL;DR Following Trump’s election, speculation has grown around SEC Chairman Gary Gensler’s potential firing or resignation. His departure and possible replacement with a pro-crypto leader could boost the market, especially Ripple’s XRP. ‘Time to Say Goodbye?’ Donald Trump’s victory in the US presidential elections was followed by a massive bull…