In a twist that could only occur in the surreal theater of Washington politics, Ripple’s indefatigable CEO, Brad Garlinghouse, has reportedly disclosed that erstwhile SEC Chair Gary Gensler tendered a personal apology for the agency’s protracted and rather unbecoming vendetta against cryptocurrency. One imagines the scene: two men, a White House antechamber, and a moment of profound introspection-or perhaps a sudden realization that crypto might not be a scam after all.
The fateful encounter, as one might expect, transpired at the White House-a location that, as Garlinghouse himself conceded with the enthusiasm of a man recounting a particularly dull dinner party, was “kind of weird.” One can only speculate whether the chandeliers or the ghosts of past scandals made the atmosphere so disconcerting.
A Surprising Encounter (Or a Masterclass in Dramatic Timing)
According to the tale, this exchange unfolded during a high-level briefing on digital asset policy-a subject which, if ever there was a time for subtlety, it surely was not. Gensler, having relinquished his post in 2025 with the grace of a monarch abdicating for the second time, allegedly approached Garlinghouse post-session and intoned, “Sorry,” as if delivering a soliloquy in a play no one wanted to see.
Wikipedia Co-Founder: No One Is Using Bitcoin as Money
XRP-Friendly SBI to Launch Japan Stablecoin in Q2, Ethereum May ‘Flip’ Bitcoin in Five Years Amid Quantum Threat, Cardano‘s USDC Eyes Two-Day Deadline: Morning Crypto Report
Gensler’s tenure, of course, was defined by a “regulation by enforcement” strategy-a phrase which, if taken literally, suggests he governed with a clipboard and a penchant for paperwork. His assertion that most digital assets are securities remains a masterstroke of bureaucratic obtuseness, though one wonders if he now regrets it as he sips his tea in New England.
Ripple, ever the plucky underdog, secured a landmark ruling in 2023 declaring XRP not a security. A verdict that, if nothing else, proves that perseverance (or a good PR team) can overcome even the most obstinate of regulators.
The alleged apology follows years of barbed exchanges. Garlinghouse, no stranger to invective, once dubbed Gensler a “political liability” and an “autocrat”-labels which, given the SEC’s recent performance, may yet prove prophetic. Gensler, for his part, likened crypto to the “Wild West,” a metaphor so imprecise it could apply to any number of things, including the SEC’s own internal policies.
The legal saga concluded in early 2025 with the SEC’s appeal abandoned, leaving Ripple to expand its operations with the vigor of a man escaping a bear pit. Gensler, ever the ghost at the feast, has offered no comment on the rumored reconciliation, though one suspects he’s busy penning a memoir titled Regret and Redemption in the Cryptoverse.
It is worth noting, however, that the lawsuit against Ripple was initiated by Jay Clayton, who may yet hold the title of “Most Unlikely Villain” in this operatic farce of compliance and contrition.
Read More
- Gold Rate Forecast
- Suspected Team Wallet Sent $47M of TRUMP to Crypto Exchanges: Dump Incoming?
- Bitcoin’s Plunge: Are Traders Running for the Hills? 🤑💨
- XRP: The Calm Before the Storm?
- X Accounts Go Rogue: The Flare Security Scare You Won’t Forget
- Is Now the Time to Buy Bitcoin? Shocking Market Signals Unveiled!
- SEC’s Crypto Custody Circus: Who’s Guarding Your Digital Gold? 🎪💰
- Is XRP on the Verge of a Market Shake-Up? Find Out Before the Rest! 🚀🔮
- You Won’t Believe What Bitcoin Whales Are Doing—And How It Could Wreck the Market 🚨
- This Will Break the Internet: Is Bitcoin About to Explode Past Its All-Time High?
2026-02-27 22:57