Ripple CEO Brad Garlinghouse has expressed concerns about the U.S. Securities and Exchange Commission’s (SEC) regulatory stance, particularly regarding discussions with Grayscale Investments about a potential spot Bitcoin exchange-traded fund (ETF). Garlinghouse criticizes SEC Chair Gary Gensler’s approach, stating that it is more of a political impediment than a guiding regulatory framework. The ongoing discourse between Grayscale and the SEC raises questions about the impact of SEC methodologies on the cryptocurrency industry. These discussions could set a precedent for future regulatory decisions. The industry calls for clear and constructive dialogue between regulatory bodies and industry stakeholders to balance investor protection with fostering innovation. Ripple’s involvement in the debate is notable due to its own legal battles with the SEC. The outcome of the Grayscale-SEC discussions could influence the broader regulatory approach in the U.S. and globally.
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