Ripple CEO, Brad Garlinghouse, delivered a harsh critique against the United States Securities and Exchange Commission (SEC) on the X platform. He accused the SEC of hypocrisy and confusion in its regulatory approach towards the cryptocurrency sector. Despite SEC Chair Gary Gensler emphasizing the clarity of related regulations, Garlinghouse pointed out that the inconsistent enforcement methods by the SEC have caused chaos in the industry. He believes that there might be political agendas or malicious litigation strategies behind SEC's actions, rather than a commitment to the fair execution of the law. In light of this backdrop, in previous legal cases involving Binance exchange, Garlinghouse had classified cryptocurrencies like BNB, BUSD, SOL, ADA, and MATIC as securities for litigation, but later revisions to the complaint list these categories out, indicating the complexity and uncertainty of the regulatory environment.