Ripple’s Garlinghouse says SEC Gensler’s actions could sink Biden in November
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Ripple CEO Brad Garlinghouse believes SEC chair Gary Gensler’s actions could jeopardize President Joe Biden’s chances in the upcoming November elections.
Garlinghouse made the statement via social media platform X in reaction to Gensler’s June 25 Bloomberg interview.
In the interview, Gensler reiterated his previous critiques of the crypto industry, describing it as highly centralized and largely non-compliant with current regulations. He noted that this lack of compliance has led to the conviction of several prominent figures in the industry.
Gensler stated: “This is a field where the leading lights from a couple of years ago are either in jail, about to go to jail, or awaiting extradition.”
