The word war between Ripple Labs’ key people and the Securities and Exchange Commission (SEC) continues.

In the most recent twist within the Ripple v SEC saga, Ripple’s co-founder, Chris Larsen, offered a stinging comment of SEC Chair Gary Gensler, saying that he’s the “worst public servant of all time.”

Larsen commented on Gensler in a recent CNBC interview after highlighting the failed crypto policy within the country and his decision to support Kamala Harris’ campaign.

While Larsen shared his distrust of Gensler and even the Federal Trade Commission’s Lina Khan, he didn’t offer any specific answer on whether he agreed to remove Gensler from his position.

Ripple And SEC: A History Of Suing And Counter-Suing

Ripple’s beef with the SEC dates back to late 2020 when Larsen and Ripple’s CEO Brad Garlinghouse were named defendants. In accordance with the SEC’s lawsuit, the duo was answerable for aiding and allowing the alleged Ripple’s securities law violations.

.@Ripple Chairman Chris Larsen calls Gary Gensler

The worst public servant in U.S. history 🤣 pic.twitter.com/1jQyG5FbJN

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) October 26, 2024

In SEC v. Ripple, the agency alleged that Ripple sold an unregistered security offering. Ripple responded that XRP shouldn’t be treated as a security, using the SEC director’s previous comments to argue its case.

By October 2023, the corporate filed for the dismissal of the costs. Garlinghouse commented that the agency simply desired to damage him personally.

SEC Goes After Ripple (Again), Then A Ripple Counter-Appeal

In a July 2023 ruling, a judge ruled that while Ripple’s sale of its token to institutional buyers violated existing securities laws, its programmatic sales to retail exchanges are above board.

Nearly two months after the judge’s verdict, the agency immediately filed an appeal. In its Form C filing, the agency shared that it should proceed to pursue the Ripple execs.

After the SEC appeal, Ripple also filed a cross-appeal. The filing of Form C got here a couple of days after the corporate executives stated that they would go away nothing on the table as a part of its defense.

Gensler’s Tough Stance On Crypto

Many within the crypto industry initially saw a brilliant future ahead with Gensler on the helm. Gensler was tech-savvy, well-known in the educational circle, and even handled a blockchain course on the Massachusetts Institute of Technology (MIT).

Nonetheless, Gensler pursued a troublesome stance on crypto, starting with the agency’s campaign against Binance and Coinbase.

Lately, the SEC’s campaign against Ripple has captured the industry’s attention. Gensler’s aggressive policies on crypto and Ripple have generated quite a lot of heated words.

Ripple’s Garlinghouse has already called out Gensler for stopping crypto’s progress and hit the agency for failing to stop the FTX collapse.

Featured image from CNBC, chart from TradingView