Ripple CEO: “Crypto policy must not be weaponized”

JH Kim

Summary

Ripple CEO Brad Garlinghouse said vigilance is needed against the political use of virtual-asset (cryptocurrency) regulation.
In a Fox Business interview, he said virtual-asset legislation should not be weaponized, adding that there is no room to absorb another Gary Gensler situation.
The remarks are interpreted as emphasizing the need for policy consistency and neutrality amid ongoing debate in the U.S. over the direction of crypto regulation.

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Ripple CEO Brad Garlinghouse cautioned against the political use of regulation for virtual assets (cryptocurrencies).

In an interview with Fox Business on the 27th (local time), he said, “Legislation on virtual assets must not be weaponized,” adding, “We can’t afford another Gary Gensler situation.”

The remarks are seen as underscoring the need for consistency and neutrality in policy, as debate continues in the U.S. over the direction of crypto regulation.