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Jan 17, 2024

Ripple CEO Slams SEC's Gensler in Crypto Clash

By: Bhumi Shrivastava

Gensler labeled as a "political problem" in the escalating tensions within the crypto world.

Political Problem

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Garlinghouse claims Gensler favors Wall Street over fostering a thriving crypto ecosystem.

Wall Street Favoritism

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Criticism extends to slow progress on Bitcoin ETF approvals, adding to regulatory uncertainty.

Bitcoin ETF Delays

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Ongoing legal battle against Ripple cited as a point of contention in the heated exchange.

Lawsuit Struggles

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The clash underscores the persistent regulatory ambiguity affecting the cryptocurrency landscape.

Regulatory Stalemate

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Stakeholders express growing concerns as the rift between regulators and crypto leaders deepens.

Industry Concerns

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