Gensler Called ‘Worst Public Servant’ In Scathing Remarks By Ripple Co-Founder

The word war between Ripple Labs’ key people and the Securities and Exchange Commission (SEC) continues. Related Reading: Fake Bitcoin ETF Post Lands Man Plea Deal In SEC Hack Case In the latest twist in the Ripple v SEC saga, Ripple’s co-founder, Chris Larsen, offered a stinging comment of SEC Chair Gary Gensler, saying that […]

Oct 28, 2024 - 13:00
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Gensler Called ‘Worst Public Servant’ In Scathing Remarks By Ripple Co-Founder

The word war between Ripple Labs’ key people and the Securities and Exchange Commission (SEC) continues.

In the latest twist in the Ripple v SEC saga, Ripple’s co-founder, Chris Larsen, offered a stinging comment of SEC Chair Gary Gensler, saying that he’s the “worst public servant of all time.”

Larsen commented on Gensler in a recent CNBC interview after highlighting the failed crypto policy in the country and his decision to support Kamala Harris’ campaign.

While Larsen shared his distrust of Gensler and even the Federal Trade Commission’s Lina Khan, he didn’t offer any specific answer on whether he agreed to remove Gensler from his position.

 

Ripple And SEC: A History Of Suing And Counter-Suing

Ripple’s beef with the SEC dates back to late 2020 when Larsen and Ripple’s CEO Brad Garlinghouse were named defendants. According to the SEC’s lawsuit, the duo was responsible for aiding and allowing the alleged Ripple’s securities law violations.

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