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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InRipple CEO Brad Garlinghouse has made a startling claim, stating that former SEC Chair Gary Gensler personally apologized for the agency's long-standing legal battle against the company. During a recent disclosure, Garlinghouse revealed that Gensler allegedly admitted the regulator was wrong in its aggressive pursuit of Ripple and the classification of XRP. This revelation comes as the crypto industry reflects on the conclusion of a highly contentious era of "regulation by enforcement" under Gensler's leadership. The multi-year litigation has been a major headwind for Ripple's growth and institutional market adoption. Analysts suggest that such an admission, if true, significantly reduces the perceived regulatory risks surrounding Ripple and provides a major sentiment boost for XRP. The broader cryptocurrency market has reacted positively to the news, viewing it as a symbolic victory against overreaching regulatory oversight.