Ripple CEO Brad Garlinghouse Announces Former SEC Chairman Gary Gensler Apologized for XRP
Ripple CEO Brad Garlinghouse made a statement today at the XRP Sydney 2026 event in Australia that shook the cryptocurrency world.
Garlinghouse claims that former SEC Chairman Gary Gensler met with him privately at the White House and said, “I’m sorry… I was wrong.”
Speaking at the event, Garlinghouse described the event as a “big surprise.” The Ripple CEO stated that after years of legal battle, “utility had won,” adding:
Related News: South Korean Government Officials Accidentally Share Seed Phase of Seized Cryptocurrencies: Millions of Dollars Stolen from an Altcoin
The announcement generated great excitement within the XRP community. Gensler is known to have faced intense criticism for years due to the securities lawsuit he initiated against Ripple in 2020. Garlinghouse’s words are being interpreted as a sign of a possible shift in attitude within regulatory circles.
The lawsuit filed in 2020 sent shockwaves through the cryptocurrency market, causing a significant drop in the price of XRP. Following the resignation of SEC Chairman Gary Gensler, the institution’s stance towards cryptocurrencies underwent a major transformation.
*This is not investment advice.
Continue Reading: Ripple CEO Brad Garlinghouse Announces Former SEC Chairman Gary Gensler Apologized for XRP
You May Also Like
SEC Adopts Final Rules Under HFIA Act to Boost Foreign Insider Transparency
SEC is seeking to regain crypto ground following ‘missed opportunity,’ Chairman Atkins says
