Ripple CEO Brad Garlinghouse recently said that US Securities and Exchange Commission (SEC) Chairman Gary Gensler would make Joe Biden lose the 2024 Presidential Election. Garlinghouse went to X (formerly Twitter) to speak with the head of the SEC. Specifically, his influence on the country’s current state of digital assets.
Ripple and the SEC have a well-documented history. Both sides are locked in a years-long legal battle. However, Garlinghosue is not the only one criticizing the head of the agency. Star Shark Tank Mark Cuban recently shared similar views about the agency’s chairman’s impact on the presidential race.
Garlinghouse says the SEC will return Trump to the White House
Speaking at Bloomberg Investment Summit on Tuesday, the SEC’s Gensler sharply criticized cryptocurrency companies. “This is an area where the leaders from a few years ago are in prison, about to go to prison, or awaiting extradition,” Gensler said.
“That’s where the public is really being harmed. And there’s significant noncompliance in that area,” he added. As one might expect, the Ripple CEO wasn’t too happy with the statement. He bluntly stated that the SEC chairman would cost Biden the 2024 election.
“Absolute nonsense from Gary Gensler,” Garlinghouse said in a post “And the slander about ‘all crypto execs going to jail’ from a guy who completely missed FTX (and is actually friendly with SBF), and wasn’t even invited to the DOJ announcement on Binance.”
“If he really ‘works for the American people’ like he says, he would have been fired a long time ago,” the CEO said. Garlinghouse then added that “Gensler will cause Biden to lose the election.”
Mark Cuban recently expressed a similar sentiment. In a post on X, “If Joe Biden loses, you’ll probably be able to thank Gary Gensler and the SEC,” Cuban said. The sentiment contrasts with Donald Trump’s approach. The former president has welcomed the asset class as he prepares to face Biden again this November.
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