Ripple CEO Brad Garlinghouse has strongly criticized Gary Gensler, chairman of the US SEC, over allegations against crypto executives who are headed to prison. Garlinghouse criticized Gensler's approach to crypto regulation that could cost US President Joe Biden the upcoming election. 😡

Gensler in an interview with Bloomberg, talks about the US crypto industry, the launch of an Ethereum ETF, crypto regulations and the fate of industry executives. He asserted that the crypto space is full of non-compliance and has harmed US investors.

Garlinghouse slammed Gensler's comments as "nonsense." He added that Gensler's incompetence was apparent from his absence from the Justice Department's announcement of a multi-billion dollar settlement with Binance, the world's largest crypto exchange.

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