Brad Garlinghouse, CEO of Ripple, addressed the CFTC Innovation Advisory Committee, outlining the company’s four-year legal battle with the SEC and the impact of regulatory uncertainty on both Ripple and the digital asset industry in the United States. Garlinghouse began by thanking the Commodity Futures Trading Commission (CFTC) for its hospitality and quickly moved to the difficulties Ripple faced under the previous administration. He described Ripple as being “at the center of the bullseye of the SEC’s lawfare,” noting that leadership at the regulatory level had a direct effect on the industry’s trajectory.