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Former SEC Chair Made Shocking Revelation to Ripple’s CEO During White House Meet

Former SEC Chair Gary Gensler privately apologized to Ripple CEO Brad Garlinghouse during a White House meeting on digital asset policy in late 2024, admitting he was wrong about XRP and praising Ripple’s work. This marked a significant shift after a four-year legal battle where the SEC sued Ripple for an unregistered securities offering involving XRP. Although the case created regulatory uncertainty and led to exchange delistings, Ripple secured a partial victory in 2023 when a judge ruled XRP was not a security on public markets. Gensler, who resigned in early 2025, had been a controversial figure in crypto for his aggressive enforcement approach. His apology validates Ripple’s stance and suggests a potential change in how Washington may engage with crypto.

bitcoinist03/03 03:03