Ripple CEO warns against another weaponized Gensler moment if SEC-CFTC rules aren’t codified into law

Ripple CEO Brad Garlinghouse praised the joint framework from the SEC and CFTC designating 16 digital assets as commodities as a significant step forward, contrasting it with what he described as politically motivated enforcement under former SEC Chair Gary Gensler. Garlinghouse strongly urged Congress to codify this guidance into law via legislation like the CLARITY Act to prevent future regulatory actions driven by politics rather than national benefit, referencing a potential "weaponized Gensler moment." He expressed optimism that the bill would pass by the end of May, noting strong leadership from the White House. While passage won't materially change Ripple's business, he believes it will encourage hesitant US banks and financial institutions to engage with crypto. Separately, Garlinghouse highlighted Ripple's strong growth, driven by acquisitions like Ripple Treasury and Ripple Prime, and noted the company's current focus on integrating these businesses to unlock synergies.

(Source：Crypto Briefing)