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Ripple CEO Calls Out Biden’s Crypto Veto

Published 06/01/2024, 06:45 PM
Updated 06/01/2024, 07:15 PM
© Reuters.  Ripple CEO Calls Out Biden’s Crypto Veto
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  • Ripple’s CEO shared opinions about developments in the crypto industry.
  • Garlinghouse asked the Biden administration to sack Gary Gensler.
  • The CEO expressed disappointment over Biden’s SAB 121 veto.

Ripple’s CEO, Brad Garlinghouse, shared his opinions about recent developments in the crypto industry. In a recent interview, Garlinghouse told CNBC’s MacKenzie Sigalos, “It is a magical time to be alive.” He said this in response to Sigalos’ question about his feelings on current crypto events.

Garlinghouse discussed several issues, including the SEC’s recent spot Ethereum ETF approval, Gary Gensler’s continued role at the SEC, and President Biden’s veto of SAB 121.

Among the recent developments, Garlinghouse noted a renewed national focus on institutional involvement in crypto. He highlighted improvements in the industry’s participation in mainstream leadership roles, citing the election of pro-crypto, pro-innovation, and pro-consumer protection leaders to key positions.

Meanwhile, Garlinghouse said the SEC’s recent Ethereum ETF approval was inevitable. He noted the SEC has b…

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