Ripple CEO Brad Garlinghouse Admits $204M Crypto Super PAC Wouldn’t Exist If Gary Gensler Wasn’t The SEC Chair

Ripple CEO Brad Garlinghouse said on Sunday that the establishment of Fairshake, a cryptocurrency-focused super political action committee, was a direct response to the SEC’s approach toward the industry under Gary Gensler.

What Happened: During an interview with CBS News that aired on Dec. 8, the head of the blockchain-based payments company stated, “People are like, why did these companies come together and organize and say, ‘This matters’”? And it’s a reaction to a war on crypto.”

In fact, he added that Fairshake would not exist if not for the SEC’s actions against the industry. “I’m not sure Fairshake would exist,” he replied when asked about the course had there been a different SEC Chair than Gensler.

Full story available on Benzinga.com