Brad Garlinghouse, CEO of Ripple, criticized the U.S. Securities and Exchange Commission (SEC) for causing confusion in the crypto market. He accused the SEC of bullying small crypto players and sowing confusion instead of providing clear rules. Garlinghouse highlighted the significance of the recent Ripple ruling, stating that it dispelled some of the confusion and provided much-needed clarity to the U.S. market. He also criticized the SEC for targeting smaller companies and using regulation through enforcement as its primary tool. Garlinghouse expressed optimism that Ripple would win in an appeal filed by the SEC and criticized the regulator for focusing on lawsuits instead of regulatory work.

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