Ripple CEO Brad Garlinghouse joined Grewal in calling for a re-evaluation of the SEC’s approach, specifically targeting what he described as regulatory overreach. In a recent post, Garlinghouse urged Democratic leaders to address Gensler’s actions, which he says exceed legal authority.

He suggested that dissatisfaction with these policies could hurt voter support for Democrats, particularly in swing states. Garlinghouse also noted that high-profile crypto critics like Gensler and Sen. Elizabeth Warren may have inadvertently fueled a “Red Reset,” possibly swaying voter sentiment toward more supportive policies for cryptocurrencies.

Garlinghouse’s comments reflect industry fears that policies within Gensler’s SEC could stifle innovation in the US crypto space. He said a change in regulatory trends could benefit industry, consumers and the economy.