Ripple CEO Brad Garlinghouse warned that without codifying recent SEC-CFTC crypto guidelines into law, the U.S. risks another Gensler-style crackdown that could stifle innovation and erode global competitiveness.
Garlinghouse criticized former SEC Chair Gary Gensler for what he called politically motivated enforcement, particularly the agency’s lawsuit against Ripple. He urged Congress to act before the end of May to lock in clarity for financial institutions.
"We need to ensure no future chair can weaponize policy for political gain," he said.
Despite market volatility, Ripple reported record growth fueled by acquisitions of Ripple Treasury and Ripple Prime. These platforms have expanded corporate liquidity solutions and tripled revenue run rates, deepening ties with major banks.
The company has increased headcount by 50% and invested over $1 billion to unify its services and strengthen XRP’s institutional utility.
Garlinghouse emphasized that legislative passage won’t directly alter Ripple’s business-but it will unlock U.S. banks hesitant to enter crypto markets.