On July 10, 2025, legal analysis platform CryptoLaw reiterated ongoing concerns within the digital asset industry regarding the role of the U.S. Securities and Exchange Commission (SEC) in regulating the crypto market. The organization’s statement emphasized that industry stakeholders remain hesitant to place regulatory authority in the hands of an unelected official, particularly due to what it described as the SEC’s history of not acting in good faith. CryptoLaw cited Ripple CEO Brad Garlinghouse’s recent testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs as a central example of these concerns. In its post, CryptoLaw referenced Garlinghouse’s remarks to Congress in which he reminded lawmakers that federal judges have previously criticized the SEC for lacking what they described as a “faithful allegiance to the law.” He also noted that the agency had acted in an “arbitrary and capricious” manner in multiple proceedings. These statements were aimed at underlining what many in the industry view as a troubling pattern of inconsistent and unpredictable regulatory behavior by the SEC. The industry is hesitant to trust regulation to an unelected official because of the SEC’s record of NOT acting in good faith. @bgarlinghouse reminds Congress the agency was called out for lacking “a faithful allegiance to the law” and for acting in an arbitrary and capricious… pic.twitter.com/fXxdy2bmt2 — CryptoLaw (@CryptoLawUS) July 9, 2025 Garlinghouse Highlights Contradictions in SEC Behavior During his testimony, Garlinghouse directly addressed the structural challenges involved in relying on the SEC and the Commodity Futures Trading Commission (CFTC) to jointly oversee the digital asset industry. He stated that doing so inherently assumes that both agencies are led by appointed officials acting in good faith. However, he contended that this assumption does not reflect the recent conduct of the SEC under Chairman Gary Gensler’s leadership. Garlinghouse explained that the SEC has at times taken contradictory legal positions, even across different court cases, which, according to him, has only deepened confusion within the marketplace. He argued that this inconsistency undermines the confidence of market participants and makes compliance more difficult for both startups and established firms in the digital asset space. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 He referenced judicial criticisms where federal judges concluded that the SEC’s behavior was arbitrary and not grounded in a consistent application of legal principles. According to Garlinghouse, some judges went as far as to say that the SEC was not demonstrating a “faithful allegiance to the law.” He maintained that this track record weakens the credibility of relying on the agency’s judgment for regulatory clarity and consumer protection. A Call for Congressional Oversight Garlinghouse’s comments, shared by CryptoLaw, reinforce broader demands within the industry for Congress to play a more active role in defining the legal framework for digital assets. He emphasized that depending on an unelected official to shape the regulatory approach assumes a level of integrity and transparency that he believes has not been evident under the current SEC leadership. Garlinghouse warned that what has unfolded under the SEC’s recent direction was not a cooperative effort to protect investors or promote innovation, but what he called a “war against the industry at large.” His position was that this campaign lacked a consistent interpretation or enforcement of the law, which has created significant uncertainty for companies and investors operating in the sector. CryptoLaw’s post and Garlinghouse’s remarks reflect sustained concerns about the SEC’s conduct under its current leadership, particularly regarding its approach to digital asset enforcement. By citing specific judicial commentary and calling attention to internal contradictions in SEC litigation strategies, both CryptoLaw and Garlinghouse are pressing for increased legislative clarity and urging Congress to reassert its role in setting policy direction. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CEO Spells Out the SEC’s Anomalies Before the Senate appeared first on Times Tabloid .