PANews, March 27: According to Fox Business, Ripple CEO Brad Garlinghouse, in an interview with "Mornings with Maria," stated that the fragmentation and enforcement-driven approach of U.S. regulators on cryptocurrency policy have created uncertainty for the industry. He noted that the SEC and CFTC are advancing a new regulatory framework, and legislation such as the CLARITY Act currently under discussion in Congress could establish clearer rules for crypto assets. Garlinghouse warned against returning to the regulatory environment overseen by former SEC Chair Gary Gensler, emphasizing that despite current market volatility, Ripple’s business continues to grow, and he called for clear, predictable regulation to replace politicized and selective enforcement.
Ripple CEO Warns Against Weaponizing Crypto Regulation, Cites 'Next Gary Gensler Moment'
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Summary
Ripple CEO Brad Garlinghouse criticized the weaponization of crypto regulation, warning of a "next Gary Gensler moment" that could damage liquidity and crypto markets. He condemned U.S. regulators for fostering uncertainty through fragmented enforcement. While the SEC and CFTC are advancing new rules, the CLARITY Act seeks to provide clarity. Garlinghouse emphasized the need for fair, predictable regulation—not politicized tactics. CFT concerns remain linked to the evolving regulatory landscape.
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