Ripple CEO Brad Garlinghouse has criticized SEC Chairman Gary Gensler's recent comments about crypto executives' non-compliance, calling them "absolute nonsense". Gensler, in a Bloomberg interview, highlighted the high level of non-compliance in the crypto industry, suggesting that it has caused significant harm to American investors. Garlinghouse countered, stating Gensler's approach to crypto regulation could cost President Biden the upcoming elections. He pointed out Gensler's absence from the announcement of a multi-billion-dollar settlement with Binance and his failure to detect FTX's fraudulent scheme as evidence of his incompetence. Garlinghouse's comments echo those of billionaire entrepreneur Mark Cuban, who has previously suggested Gensler's stance on crypto could alienate young American crypto owners, potentially influencing election outcomes.