Ripple Labs CEO slams SEC’s severe position on crypto, anticipates electoral fallout.
Brad Garlinghouse, CEO at Ripple Labs, took to X theotherday to state that Gary Gensler’s position towards crypto “will cause Biden to lose the election.” Garlinghouse signsupwith Mark Cuban, who recently made the exactsame declaration.
The post by Ripple Labs’ CEO responses Gensler’s remarks throughout the Bloomberg Invest Summit about the “leading lights” in crypto from 2 years ago being in prison, about to go to prison, or waitingfor extradition. This is a reiteration of what was stated by the SEC Chairman in early June throughout CNBC’s Squawk on the Street.
“Absolute rubbish coming from Gary Gensler today. And this slander about ‘all crypto officers going to prison’ from the guy who entirely missedouton FTX (and really cozied up to SBF), and wasn’t even welcomed to the DOJ statement about Binance,” stated Garlinghouse.
https://x.com/bgarlinghouse/status/1805709954613203193
Moreover, Garlinghouse included that if Gensler was truly working for the American individuals, he needto haveactually been fired a long time back. “Gensler will cause Biden to lose the election.”
During the Bloomberg Invest Summit, Gensler was questioned about Cuban’s words on him costing Biden the re-election, to which the SEC Chairman addressed that he “doesn’t speak about elections.” Gensler likewise prevented politics-related concerns including crypto.
“I’m a securities regulator. I’m focused every day on that part of my task, which is securing the financiers, and looking out for companies’ gainaccessto to markets. Fair, organized, and effective markets. And, with all regard, I hope your listeners comprehend, that’s my rol