Ripple CEO Brad Garlinghouse has sounded an alarm over the potential risks of 'weaponized' crypto policy, which he claims could stifle innovation and drive development overseas.
In a recent interview, Garlinghouse emphasized the need for clear, fair rules to guide the industry's growth, rather than adversarial enforcement. He linked his warning to the regulatory posture of SEC Chair Gary Gensler, who has pursued an aggressive enforcement strategy against crypto firms.
The ripple effect of this approach can be seen in the landmark legal battle between Ripple and the SEC, which has left many projects struggling with regulatory uncertainty. Garlinghouse argues that policymakers must balance investor protection with fostering innovation, rather than using policy tools to stifle growth.