Ripple CEO Brad Garlinghouse recently stated that Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), will cause Joe Biden to lose the 2024 presidential election. In fact, Garlinghouse spoke out against the current state of digital assets in the country on X (formerly Twitter) on behalf of the chairman of the US Securities and Exchange Commission.
Ripple and the US Securities and Exchange Commission have a well-documented history and have been involved in a legal dispute for several years. However, Garlinghouse is not the only one critical of the agency’s leadership. “Shark Tank” star Mark Cuban recently expressed similar views on the impact of the agency chairman on the presidential election.
In addition, please read: Ripple: How XRP is Preparing for a $5 Bull Rally in 2025
Garlinghouse claims that the US Securities and Exchange Commission will lead to Trump’s return to the White House
Source: Bloomberg
At the Bloomberg Investment Summit on Tuesday, Gensler of the US Securities and Exchange Commission strongly urged cryptocurrency companies. Gensler said, “In this field, the leaders of a few years ago are either in jail, about to go to jail, or awaiting extradition.”
He added, “This is an area where the public is really being harmed. And there are serious violations in this area.” As expected, the CEO of Ripple was not friendly to this statement. He openly stated that the chairman of the US Securities and Exchange Commission will cause Biden to lose the 2024 election.
“Gary Gensler is full of it,” Garlinghouse said in a post. “This is a complete miss on FTX (actually brownnosing SBF), and not even invited to the DOJ announcement about Binance for ‘All crypto execs are going to jail’ slander.”
Source: Bloomberg
Also read: SEC Chairman Gensler Accuses Cryptocurrency Exchanges of Breaking the Law
The CEO said, “If he really ‘worked for the American people’ as he says, he would have been fired a long time ago.” Garlinghouse then added, “Gensler will cause Biden to lose the election.”
Mark Cuban recently expressed similar views. Cuban said in a post on X, “If Joe Biden loses, you are likely to thank Gary Gensler and the US Securities and Exchange Commission.” In fact, this sentiment contrasts sharply with Donald Trump’s approach. The former president welcomed this asset class, as he will once again compete with Biden in November of this year.
