According to Chris Larsen, the chair and co-founder of Ripple Labs, the US legal system will bring the crypto industry back on track after the Biden administration's flawed crypto policy. He believes that the SEC lost on everything important in the regulation of the industry, and the courts will provide clarity to get the industry back in the game.

Larsen also criticized SEC chair Gary Gensler for his lack of clarity in crypto laws and his bullying tactics. Additionally, Larsen claimed that Biden's crypto policies killed San Francisco as the blockchain capital of the world and pushed the industry offshore.