TechFlow news: Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler's regulatory approach, pointing out that his frequent legal interventions have brought political accountability to the market.
Garlinghouse noted that after the approval of spot Bitcoin ETFs, Ethereum quickly surged, demonstrating strong market interest in a more diversified range of ETF products.
He expressed hope that other cryptocurrencies would not face similar regulatory hurdles and remained optimistic about streamlining the future approval process for digital asset ETFs.
In addition, the Ripple CEO said Gensler’s approach is overly rigid, even though the regulator has approved spot Bitcoin ETFs, accusing him of failing to act in the "best interests of the public" and stifling America's "long-term growth."
