As the XRP stock price declines, Ripple CEO Brad Garlinghouse is once again aiming his arrows at SEC Chairman Gary Gensler and strongly criticizing the media.

Brad Garlinghouse is known for his harsh words. In an interview on the CBS show "60 Minutes" revealed the Ripple CEO that his company has spent more than $150 million in legal fees in its battle with the SEC.

With that money, Ripple Labs legally defended their position that the native XRP token is not an "unregistered security." Both the SEC and Ripple appealed after the latest ruling.

According to Garlinghouse, the biggest culprit in this four-year legal battle is outgoing SEC Chairman Gary Gensler. He calls his policies a "war against crypto" and argues that the pro-crypto Super PAC named Fairshake was a defensive response.

Fairshake represented the interests of the crypto sector during the U.S. elections. The lobby group collected as much as $204 million in donations, nearly half of which came from major crypto companies such as Ripple and Coinbase.

Although Ripple co-founder Chris Larsen financially supported Democrat Kamala Harris and Fairshake helped pro-crypto politicians of both parties, Brad Garlinghouse has only words of praise for the incoming 47th president of the US.

"I think it's clear that Donald Trump has supported crypto and that crypto has supported Donald Trump," he said. the Ripple CEO said in response to why Trump changed his stance on crypto.

“We haven't been asking to be deregulated. We've been asking to be regulated,’” says Ripple CEO Brad Garlinghouse. “Just give us clear rules of the road,” he adds,calling for new laws governing digital assets. https://t.co/wKgbaDWurv pic.twitter.com/ZwSVRxFRtc
— 60 Minutes (@60Minutes) December 9, 2024

In addition, he criticized the framing by "60 Minutes". According to him, CBS left out crucial information, such as the ruling in Ripple Labs' favor. Instead, they had a former SEC official repeat his claim that "XRP may be an impact."