Ripple CEO Brad Garlinghouse allegedly revealed that former SEC Chair Gary Gensler had personally apologized for his agency’s multi-year battle against crypto
Notably, the rumored encounter took place at the White House, which was “kind of weird,” according to Garlinghouse
A surprising meeting
According to Garlinghouse, the exchange occurred during a recent high-level briefing on digital asset policy
HOT Stories
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, who stepped down from his role at the SEC in early 2025, allegedly approached the Ripple boss at the end of the session
'He comes up to me, and he says ‘Sorry,’" Garlinghouse told the cheering crowd in Sydney that he received an apology at the White House. However, it was not clear whether Garlinghouse was actually referring to Gensler, as some fresh reporting indicates
Gensle’s tenure was, of course, defined by a “regulation by enforcement” strategy. The former SEC boss has repeatedly opined that virtually all digital assets could be potentially classified as securities
Ripple, however, famously fought back and managed to secure a landmark ruling in 2023 that XRP is not, in and of itself, a security.
The reported apology follows years of public vitriol between the two figures
Garlinghouse has previously labeled Gensler a “political liability” and an “autocrat.”
The former SEC boss frequently compared the crypto market to the “Wild West” that is rife with fraud and non-compliance.
The legal battle officially ended in early 2025, with the SEC dropping its appeal. The much-awaited legal clarity made it possible for Ripple to substantially expand its operations
Gensler has yet to comment on the rumored private exchange
However, it is worth noting that it was former SEC Chair Jay Clayton who actually brought the lawsuit against Ripple in the first place
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CoW Swap Recovers cow.fi Domain After Social Engineering Attack on April 14
CoW Swap regained control of its cow.fi domain after a social engineering attack that occurred on April 14. The attackers used forged documents to manipulate the DNS registrar and deploy a phishing site. Users affected by the incident are advised to revoke transaction approvals and transfer funds.
GateNews51m ago
Aave Labs Launches Aave Checkpoint, AI-Powered Governance Security System
Aave Labs has launched Aave Checkpoint, an AI-driven governance security system for reviewing proposals and on-chain payloads, combining automated analysis with mandatory human oversight. Operational since March 2026, it supports Aave V3, V4, GHO, and Aptos-v3.
GateNews51m ago
Fireblocks Launches Institutional Stablecoin Yield Tool Earn
Fireblocks has introduced Earn, allowing institutional clients to use stablecoin balances in on-chain lending via Aave and Morpho, enhancing capital efficiency. The feature initially offers Morpho vaults and Aave's lending market, with variable yields.
GateNews2h ago
ether.fi Completes Migration to Optimism Mainnet
Ether.fi has successfully migrated to the Optimism mainnet, boasting over 70,000 active cards, 300,000 accounts, and $220 million in total value locked (TVL).
GateNews2h ago
Circle Launches Cross-Chain USDC Settlement Mechanism Supporting Batch Payments
Circle has launched a new cross-chain USDC payment mechanism for high-frequency settlements, utilizing the Cross-Chain Transfer Protocol to pre-fund transfers and enable batch settlements, thereby minimizing operational overhead and reducing burn operations.
GateNews3h ago
The Stablecoin Era! Circle founder Jeremy Allaire makes the 2026 Global Top 100 Most Influential People list
Against the backdrop of the gradual expansion of global crypto and financial regulation, Circle co-founder Jeremy Allaire was named to Time’s 2026 list of the 100 most influential people, symbolizing the growing importance of stablecoins. Circle has evolved from a digital payments company into a stablecoin platform centered on USDC, and plans to become part of global financial infrastructure. This shift makes its business model more akin to a digital money market fund, foreshadowing the potential profitability and growth of stablecoins in the future.
ChainNewsAbmedia11h ago
