Ripple CEO <b>Brad Garlinghouse</b> has publicly criticized <b>Robert Stebbins</b>, a top contender for the role of SEC Chair, calling his potential appointment “unconscionable.”
<h2>Controversy Over Past Decisions</h2>
<a href="https://twitter.com/bgarlinghouse/status/1858669647953883282">https://twitter.com/bgarlinghouse/status/1858669647953883282</a>

Garlinghouse’s critique stems from Stebbins' association with the controversial actions of former SEC Director <b>William Hinman</b>, whose 2018 speech classified Ethereum as a non-security. Garlinghouse stated that Stebbins was directly involved in what he called “unethical (likely illegal) efforts to pick winners and losers in crypto.”

Stebbins, who served as General Counsel under SEC Chair <b>Jay Clayton</b>, has also faced scrutiny for approving numerous crypto-related enforcement cases. Critics argue his appointment would signal a return to what Garlinghouse described as the <b>"regulation by enforcement era."</b>
<h2>Industry Concerns</h2>
The <a href="https://www.cryptoknowmics.com/news/india-leads-global-cryptocurrency-adoption-for-second-year-in-a-row/" target="_blank" rel="noopener">cryptocurrency</a> community has expressed widespread concerns about Stebbins' potential leadership. Many believe his appointment would mirror Jay Clayton's tenure, which was marked by aggressive actions against digital asset companies.

Meanwhile, <b>Dan Gallagher</b>, Chief Legal Officer at Robinhood, has emerged as a frontrunner for the position, with prediction market <b>Kalshi</b> giving him a 61% likelihood of securing the role. Gallagher is seen by some as a more favorable candidate for the crypto industry.
<h2>Ripple’s Ongoing Battles</h2>
Garlinghouse’s remarks come as Ripple continues its fight for regulatory clarity. The SEC’s approach under current Chair <b>Gary Gensler</b> has drawn criticism from crypto leaders, with many hoping for more industry-friendly policies under new leadership.

The SEC Chair appointment will be pivotal in shaping the regulatory landscape for cryptocurrencies, making the stakes high for all stakeholders in the digital asset space.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Ripple CEO Brad Garlinghouse Criticizes Potential SEC Chair Pick

Ripple CEO Brad Garlinghouse opposes Robert Stebbins' candidacy for SEC Chair, citing involvement in controversial crypto decisions.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Ripple CEO Brad Garlinghouse Criticizes Potential SEC Chair Pick

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