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Ripple CEO criticizes Stebbins for SEC leadership as ‘unacceptable’

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.

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