Ripple (CRYPTO: XRP) CEO Brad Garlinghouse praised SEC Chair Paul Atkins‘ leadership on Monday, contrasting it with the agency’s earlier approach under Gary Gensler.
Garlinghouse Slams Gensler-Led SEC
In an X post, Garlinghouse said that the regulator under Gensler had “declared war on a technology” and had lost its way.
“It was an unlawful power grab…and the courts said as much,” Garlinghouse stated, apparently referencing the SEC v. DEBT Box case, where a federal judge found the regulator had committed a “gross abuse of power.”