Ripple CEO Links Crypto Lobbying Efforts to Gensler’s Regulatory Actions

In Brief:

Ripple CEO Brad Garlinghouse stated that the crypto-backed super PAC Fairshake emerged due to SEC Chair Gary Gensler's crypto regulations.

Ripple has spent over $150M fighting the SEC, asserting that XRP is not a security

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In an interview with CBS News, Ripple CEO Brad Garlinghouse highlighted the ripple effects of U.S. SEC Chairman Gary Gensler’s actions on the cryptocurrency industry. Garlinghouse attributed the formation of the super PAC Fairshake—funded by $144 million in crypto donations to Republican and Democratic campaigns—to Gensler's regulatory push.

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Ripple itself has been at the forefront of crypto regulation battles, investing over $150 million in legal fees to contest the SEC’s assertion that XRP qualifies as a security subject to registration and disclosure requirements.

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The comments underscore the growing friction between U.S. regulators and the crypto industry, with Ripple remaining one of the most prominent challengers of the SEC's authority.

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Ripple’s remarks highlight how regulatory pressure has catalyzed crypto lobbying efforts. The SEC’s approach to crypto regulation is driving industry stakeholders to engage with policymakers more proactively.

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