The ongoing feud between Ripple Labs and the Securities and Exchange Commission (SEC) escalates as Ripple's co-founder, Chris Larsen, criticizes SEC Chair Gary Gensler. Larsen labeled Gensler as the 'worst public servant of all time' during a CNBC interview, citing concerns over the country's crypto policy and Gensler's support for Kamala Harris. The conflict dates back to late 2020 when the SEC accused Larsen and Ripple's CEO of securities law violations. Despite Ripple's arguments that XRP is not a security, the legal battle continues. Following a judge's ruling in July 2023, both parties filed appeals. Gensler's tough stance on crypto has sparked controversy within the industry, with Ripple accusing the SEC of hindering progress. The clash between Ripple and the SEC underscores the challenges facing the crypto sector in navigating regulatory hurdles. Read more AI-generated news on: https://app.chaingpt.org/news

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