According to Foresight News, Brad Garlinghouse, the CEO of Ripple, has suggested that the stance of Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), could influence the outcome of the U.S. Presidential election in November. Garlinghouse's comments were made in response to Gensler's assertion that 'all cryptocurrency executives should be jailed'.

In a similar vein, billionaire Mark Cuban expressed last month that the U.S. approach to cryptocurrency regulation could impact the voters in the 2024 Presidential election. If Joe Biden were to lose, it's likely that Gary Gensler and the SEC could be 'thanked' for it, given that cryptocurrency is a pillar for young and independent voters.