Ripple CEO Brad Garlinghouse claims that former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler privately apologized at a White House briefing for the agency's long-standing enforcement actions against cryptocurrencies. Garlinghouse described the meeting as "a bit strange." Reports indicate that the apology came after a fierce legal battle that concluded in early 2025, during which the SEC dropped its appeal of a 2023 ruling that determined XRP is not a security. Gensler has not publicly commented on the matter.
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Ripple CEO Brad Garlinghouse claims that former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler privately apologized at a White House briefing for the agency's long-standing enforcement actions against cryptocurrencies. Garlinghouse described the meeting as "a bit strange." Reports indicate that the apology came after a fierce legal battle that concluded in early 2025, during which the SEC dropped its appeal of a 2023 ruling that determined XRP is not a security. Gensler has not publicly commented on the matter.