Ripple CEO calls U.S. SEC Chair Gary Gensler a ‘political liability'

Ripple’s CEO criticized the chair of the U.S. Securities and Exchange Commission (SEC), calling him a “political liability.” The criticism was directed at the SEC chief’s handling of crypto industry regulations, delays in approving bitcoin exchange-traded funds, and high-profile lawsuits against companies like Ripple. The CEO expressed dissatisfaction with the SEC chair’s actions, stating they are not in the best interest of the citizens or the economy. The CEO anticipates a new chair at the SEC in the future. The SEC has yet to comment on the criticism.