Look Who Gensler Met with before Filing Amicus Brief Against Ripple In January

A recently surfaced calendar entry from January 8, 2025, has drawn attention to a meeting former SEC Chair Gary Gensler held with officials from Better Markets, a financial reform advocacy group.

Digital Asset Investor (@digitalassetbuy), a well-known cryptocurrency commentator, posted the image on X, suggesting the meeting was kept hidden and questioning its implications in the SEC’s legal battle against Ripple.

The Meeting and Its Significance

The document shows that at 2:00 PM on January 8, 2025, Gensler met with multiple representatives from Better Markets, including Stephen Hall, Legal Director & Securities Specialist; Ben Schiffrin, Director of Securities Policy; Brady Williams, Legal Counsel; and Cale Keable.

This meeting is more notable now, as Better filed an amicus brief supporting the SEC against Ripple just 14 days later. The timing of Gensler’s meeting with Better Markets, followed by their legal support of the SEC, has led to speculation about the extent of coordination between the regulator and external advocacy groups.

Gensler’s War On Cryptocurrencies

The meeting and subsequent filing by Better Markets is an example of Gensler’s broader anti-crypto agenda. The former SEC Chair aggressively went after Ripple and other prominent crypto companies like Coinbase.

The SEC, under Gensler’s leadership, unfairly targeted digital assets, and this meeting is further evidence that the SEC sought to strengthen its case against Ripple by securing public legal support from groups like Better Markets.

Better Markets shares his anti-XRP stance, as shortly after the Ripple lawsuit’s final ruling in July, its CEO stated that the regulator had a 90% to defeat Ripple if it appealed the ruling.

His war on the crypto market kept prices down, discouraging many investors and significantly hampering the industry. However, his actions are now being exposed, and this revelation adds to the scrutiny surrounding Gensler’s tenure, particularly as he was already facing investigations before leaving office.

What’s Next For the Ripple-SEC Lawsuit?

While Gensler is no longer in office, the impact of his policies and regulatory actions continues to shape the digital asset industry. With the SEC still pursuing various enforcement actions against crypto firms, many experts believe the regulator will soon dismiss these cases.

The SEC’s new stance on crypto is more friendly, as it has acknowledged multiple XRP ETF applications and the broader crypto community believes that ETF approval and the end of the lawsuit are just around the corner.

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