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    Ripple’s Brad Garlinghouse Blasts SEC’s Gensler as XRP Hits Yearly High

    Ripple CEO Brad Garlinghouse targets SEC's failed policies as XRP gains momentum amid legal shifts and market optimism.

    Updated Jan 15, 2025
    Irene Mukiri

    Author by

    Irene Mukiri

    Ripple’s Brad Garlinghouse Blasts SEC’s Gensler as XRP Hits Yearly High

    Ripple’s cryptocurrency, XRP, has reached a new year high, driven by legal and regulatory developments. Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler for his enforcement-focused regulatory approach. The ongoing battle between Ripple and the SEC has added tension as Gensler’s term nears its end.

    Ripple CEO Brad Garlinghouse Slams Gary Gensler’s “Failed Agenda”

    Brad Garlinghouse has openly criticized Gary Gensler for an ineffective regulatory strategy. Gensler’s focus on “regulation-by-enforcement” has faced resistance from industry leaders, including Garlinghouse. With Gensler’s resignation imminent, Garlinghouse highlighted what he considers wasteful actions by the SEC.

    https://twitter.com/bgarlinghouse/status/1879215823459635517

    The SEC plans to file an opening brief in its appeal against Ripple just days before Gensler exits. Ripple’s Chief Legal Officer, Stuart Alderoty, called the timing unnecessary and an irresponsible use of taxpayer funds. Brad Garlinghouse supported Alderoty’s comments, emphasizing that Gensler’s leadership has disregarded broader concerns of the American public.

    The legal battle has become a focal point for discussing regulatory reform in the crypto space. As Ripple anticipates a friendlier SEC under new leadership, the company remains optimistic about its future. This optimism has fueled renewed interest in XRP, contributing to its recent price surge.

    XRP’s price increase reflects market confidence tied to the ongoing legal developments between Ripple and the SEC. Investors view the upcoming changes in SEC leadership as a positive step for the crypto industry. Market sentiment has improved as the case against Ripple appears less likely to yield significant setbacks.

    Ripple executives, including Garlinghouse, have expressed optimism about the eventual approval of an XRP exchange-traded fund (ETF). Although the SEC has remained hostile to crypto ETFs, industry leaders believe regulatory changes could alter this stance. Such shifts could unlock new opportunities for XRP, further driving its adoption and value.

    The market has also responded positively to Ripple’s resilience throughout its legal challenges. The company’s proactive approach to defending its operations has strengthened investor confidence. As a result, XRP has outperformed many other cryptocurrencies in the early days of 2025.

    Regulatory Clarity Fuels XRP Price Breakout

    The political landscape in the United States has influenced the crypto sector’s trajectory, including XRP’s prospects. With Donald Trump‘s re-election, Ripple anticipates a more favorable regulatory environment. These expectations have contributed to increased market activity and demand for XRP.

    The potential for regulatory clarity under new SEC leadership offers hope for a more structured approach to crypto oversight. Investors are betting on Ripple’s ability to navigate upcoming changes and leverage its established market position. This confidence has been a key factor in XRP’s recent price milestone.

    FAQs

    What caused XRP to reach a new year high?

    XRP surged due to legal and regulatory developments and optimism surrounding Ripple’s future under new SEC leadership.

    Why did Brad Garlinghouse criticize SEC Chair Gary Gensler?

    Brad Garlinghouse criticized Gensler for focusing on “regulation-by-enforcement” and engaging in wasteful SEC actions.

    What impact does Donald Trump’s re-election have on Ripple?

    Trump’s re-election will create a more favorable regulatory environment, boosting market confidence in Ripple and XRP.

    Irene Mukiri

    Irene Mukiri

    Editor

    Irene Mukiri, a crypto enthusiast and writer, embraces travel. As a digital nomad, she delves into the potential of blockchain technology, showcasing its capacity to unite and empower humanity in her writing.

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