Ripple CEO Spells Out the SEC’s Anomalies Before the Senate
2025-07-11 12:47:04
Main Idea
Ripple CEO Brad Garlinghouse criticized the SEC's inconsistent regulatory behavior and lack of adherence to the law during his testimony before the U.S. Senate Committee, calling for clearer oversight of the crypto industry.
Key Points
1. Ripple CEO Brad Garlinghouse testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, highlighting contradictions in the SEC's regulatory approach.
2. Garlinghouse stated that the SEC's actions have caused confusion in the market and that federal judges have criticized the agency for not demonstrating a 'faithful allegiance to the law.'
3. He emphasized the challenges of relying on the SEC and CFTC for joint oversight of the digital asset industry and called for clearer regulatory frameworks.
4. Garlinghouse's remarks reinforce broader industry demands for congressional oversight and regulatory clarity in the crypto market.
Description
On July 10, 2025, legal analysis platform CryptoLaw reiterated ongoing concerns within the digital asset industry regarding the role of the U.S. Securities and Exchange Commission (SEC) in regulating the crypto market. The organization’s statement emphasized that industry stakeholders remain hesitant to place regulatory authority in the hands of an unelected official, particularly due to what it described as the SEC’s history of not acting in good faith. CryptoLaw cited Ripple CEO Brad Garlingho...
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