Ripple boss fires back at SEC rules

A Ripple chief said the current U. S. securities regulator is acting like a war‑zone for crypto and that it has lost its direction. He called the SEC’s approach under its current head a “power grab” that courts have already ruled was wrong, citing a case where the regulator was found to abuse its authority. The Ripple leader compared the present chief to a new appointee, calling him a “breath of fresh air. ” He praised the newcomer for keeping the focus on protecting investors while encouraging innovation that benefits both traders and markets.Ripple has long fought a five‑year legal battle over the status of its digital token, XRP. The fight ended last year when a new administration stepped in and the regulator’s stance softened. The new SEC head has talked about turning America into a global hub for crypto, arguing that old rules create confusion and need updating. At the moment, XRP trades around $1. 42, up a little more than one percent in the past day.