Ripple CEO Opposes Stebbins
Brad Garlinghouse, the CEO of Ripple, recently criticized Robert Stebbins, a potential candidate to replace Gary Gensler at the SEC. The reason is that Stebbins was involved in William Hinman’s 2018 statement, which recognized Ethereum as not being a security.Choice of Stebbins as ‘Unacceptable’
Garlinghouse called the choice of Stebbins “unacceptable” because he had approved several cryptocurrency-related cases under Chairman Jay Clayton. Currently, Dan Gallagher, the top lawyer at Robinhood, is predicted to be the frontrunner to replace Gensler.