Ripple CEO Brad Garlinghouse criticized US Securities and Exchange Commission (SEC) Chairman Gary Gensler for his recent slander that most crypto executives are going to prison. 😲 Garlinghouse stated that Gensler's approach to crypto regulations will cause US President Joe Biden to lose the upcoming elections. 🗳️

In an interview with Bloomberg, Gensler talked about the U.S. crypto industry, the upcoming launch of Ethereum exchange-traded funds (ETFs), crypto regulations, and the fate of industry executives. Gensler said the crypto space is full of incompatibilities and has caused significant harm to American investors. 😨

Garlinghouse called Gensler's comments "complete nonsense." The Ripple chief noted that the slander against crypto executives came from someone who hijacked the fraudulent scheme of bankrupt exchange FTX and even "approached" the platform's founder Sam Bankman-Fried. Additionally, Garlinghouse noted that Gensler's incompetence was evident in his absence from the Department of Justice at the announcement of a multi-billion dollar deal with Binance, the world's largest crypto exchange.

"If he really said 'he works for the American people,' as he said, he would have been fired already. Gensler will cause Biden to lose the election," Garlinghouse said. 🎯

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