Ripple Labs Chair Criticizes Biden and Gensler for Missteps in Crypto

The legal landscape in the United States is poised to revitalize the cryptocurrency sector, following what Chris Larsen, chair and co-founder of Labs, describes as missteps in crypto policy by the Biden administration.

In a recent interview with Bloomberg on September 7, Larsen highlighted his firm’s partial victory against the Securities and Exchange Commission (SEC) in July, asserting that the regulator stumbled on key issues central to industry regulation.

Larsen further emphasized that the current administration’s approach had detrimental effects, particularly on the San Francisco blockchain hub.