Ripple CEO Brad Garlinghouse recently stated that Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), will cause Joe Biden to lose the 2024 presidential election. In fact, Garlinghouse spoke on behalf of the chairman of the U.S. Securities and Exchange Commission on X (formerly Twitter). Specifically, he addressed the impact of the country’s current digital asset situation.
Ripple and the U.S. Securities and Exchange Commission have a well-documented history. Both parties have been involved in a legal dispute for several years. However, Garlinghouse is not the only one who has criticized the head of the agency. “Shark Tank” star Mark Cuban recently expressed similar views on the chairman’s impact on the presidential election.
Garlinghouse claims that the U.S. Securities and Exchange Commission will lead to Trump’s return to the White House
Source: Bloomberg
At Tuesday’s Bloomberg Investment Summit, Gensler of the U.S. Securities and Exchange Commission strongly urged cryptocurrency companies. Gensler said, “In this area, the leaders from a few years ago are either in jail, about to go to jail, or waiting to be extradited.”
He added, “This is an area where the public is truly being harmed right now. And there are real problems in this area.” As expected, the CEO of Ripple was not friendly to this statement. He openly stated that the chairman of the U.S. Securities and Exchange Commission will cause Biden to lose the 2024 election.
“Gary Gensler is full of it,” Garlinghouse said in a post. “A guy who missed an announcement about Binance, didn’t even get invited, and is slandering ‘all crypto execs are going to jail’ by cozying up to FTX (actually kissing up to SBF).”
Source: Bloomberg
The CEO said, “If he really ‘worked for the American people’ as he claims, he would have been fired a long time ago.” Subsequently, Garlinghouse added, “Gensler will cause Biden to lose the election.”
Mark Cuban recently expressed similar views. Cuban said in a post to X, “If Joe Biden loses, you are likely going to have Gary Gensler and the U.S. Securities and Exchange Commission to thank.” In fact, this sentiment contrasts sharply with the approach of Donald Trump. The former president welcomes this asset class as he will face off against Biden again in November.