Benzinga - CEO of Ripple, the company behind XRP (CRYPTO: XRP), Brad Garlinghouse, took a jab at Securities and Exchange Commission (SEC) Chair Gary Gensler through a tweet on Tuesday.
What Happened
The tweet on X featured a picture of Garlinghouse standing in front of the SEC building, accompanied by a caption stating that Gensler did not invite them in.Garlinghouse said he had to take a picture in front of the SEC Gov building while he was in Washington. "In case you're wondering…no, Chair Gensler did not invite us in”
Had to take a picture in front of the @SECGov building while in town. (in case you're wondering…no, Chair Gensler did not invite us in) pic.twitter.com/qfbfU7PrGQ— Brad Garlinghouse (@bgarlinghouse) September 19, 2023
This incident follows the clash between the SEC and Ripple Labs. The SEC has sought to appeal a judge’s ruling that favored Ripple in their legal battle. In a court filing, the SEC argued that the judge’s ruling presented complex legal issues that warranted review by a federal appeals court before the case concluded.
In an interview with Bloomberg, Garlinghouse expressed his dissatisfaction with the lawsuit and the SEC’s approach. He revealed that Ripple has already spent over $100 million on the legal battle, emphasizing the company’s frustrations with the process.
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‘Gary Gensler Is A Hammer'
When asked about Gensler’s bearish views on cryptocurrency in a Bloomberg interview, Garlinghouse responded by saying, “Gary Gensler is a hammer and everything looks like a nail.”Price Action: At the time of writing, apex cryptocurrency Bitcoin (CRYPTO: BTC) was trading at $27,134.14, up 1.14% in the last 24 hours, according to Benzinga Pro.
Photo: Created with an image from Shutterstock and Third Way Think Tank on Flickr
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