Ripple CEO Brad Garlinghouse said that SEC Chairman Gary Gensler will cause Joe Biden to lose the US presidential elections in November. Garlinghouse’s comments echo voices such as billionaire Mark Cuban, who recently expressed similar views.
Ripple CEO: Gensler will cause Biden to lose the election!
cryptokoin.comAs you follow from , US SEC Chairman Gary Gensler is the focus of reactions with his anti-cryptocurrency stance. Due to pressure from the SEC, it had to approve spot Bitcoin and Ethereum ETFs. However, chairman Garry Gensler is not backing down on his crypto stance. Ripple CEO Brad Garlinghouse said Gensler would cause Joe Biden to lose the US presidential election in November.
Gary Gensler commented on the crypto industry at the Bloomberg Investment Summit in New York on Tuesday. “This is an area where the leading luminaries of a few years ago are either in prison, about to go to prison, or awaiting extradition,” Gensler said. Additionally, Gensler said, “This is an area where the public is really hurting right now. And there is significant disparity in this area,” he added. “Absolute bullshit coming from Gary Gensler,” Garlinghouse responded. He also underlined the following points:
The ‘all crypto executives will go to jail’ slander from the guy who completely hijacked FTX (and actually sided with SBF) and wasn’t even invited to the DOJ announcement on Binance. If he really was ‘working for the American people’ as he says, he would have been fired long ago. Gensler will cause Biden to lose the election.
The relentless war between SEC and Ripple continues!
The SEC and Ripple have been in a legal battle since 2020. At the time, the SEC said Ripple’s native token, XRP, was an unregistered security. In this context, he accused Ripple of raising $1.3 billion through the sale of XRP. This case is currently ongoing. However, last year, Judge Analisa Torres ruled that some of Ripple’s so-called programmatic sales of XRP did not violate securities laws because of a blind bidding process implemented for them. However, other direct token sales to institutional investors constitute securities investment contracts, she ruled.
Mark Cubanfrom gentes’to 2024 elections criticism on it!
Billionaire entrepreneur and crypto investor Mark Cuban also suggested last month that the way cryptocurrency is regulated in the US will influence voters in the 2024 presidential election. So, Ripple CEO Brad Garlinghouse is not the only voice expressing such views. “If Joe Biden loses, there’s a good chance you’ll thank Gary Gensler and the SEC,” Cuban said at the time. Crypto is a mainstay for young and independent voters.” said.
On the other hand, former President Donald Trump has expressed his support for crypto and described Democrats and the Biden administration as anti-crypto. However, sources noted a shift in understanding crypto assets and communities from the Biden administration. When asked at the event to respond to billionaire Mark Cuban’s accusations that Gensler would blame him if President Biden loses the election, Gensler said, “I’m not talking about the election.”
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