Ripple CEO Brad Garlinghouse Responds to Former SEC Official’s Comments on Cryptocurrencies
Ripple CEO Brad Garlinghouse has recently addressed comments made by former SEC official John Reed Stark during a segment on “60 Minutes,” refuting Stark’s claims as “provably false.”
Stark, who appeared on the program alongside Garlinghouse, was highly critical of cryptocurrencies, describing them as “a scourge” for society and asserting that crypto tokens should be classified as securities.
These remarks sparked backlash within the XRP community, with Garlinghouse hitting back at Stark by accusing him of being a “shill” for SEC Chair Gary Gensler.
In response, Garlinghouse clarified that he has never had any direct communication with Gensler. “I’ve never spoken, met, or even been in the same room as Gary Gensler, and I anticipate my former colleague Paul Atkins assuming the role of SEC Chair and reversing many of the non-crypto initiatives and cases that transpired during Chair Gensler’s tenure,” Stark stated on social media.
Stark also expressed his belief that Atkins, a pro-crypto libertarian, has the potential to be remembered as the most influential SEC Chair in history.
In contrast, Garlinghouse suggested that Gensler’s anti-crypto rhetoric closely resembled that of the SEC chief. “These claims are unequivocally false, and ’60 Minutes’ could have easily verified the facts before airing them,” Garlinghouse remarked. He also emphasized that the SEC’s failure to safeguard investors is the real detriment to society.
According to a report by U.Today, Garlinghouse noted that “60 Minutes” omitted a significant portion of his interview, including his assertion that XRP should not be classified as a security.