- Ripple CEO Brad Garlinghouse said that SEC Chair Gary Gensler will cause Joe Biden to lose the 2024 presidential election.
- Garlinghouse criticized Gensler’s recent remarks about cryptocurrency companies, calling them “absolute nonsense” and “slander.”
- Mark Cuban also expressed a similar sentiment, stating that if Biden loses, it could be attributed to Gensler and the SEC’s approach to crypto regulation.
The relationship between Ripple and the SEC has been contentious for years. Recently, Ripple CEO Brad Garlinghouse claimed that SEC Chair Gary Gensler will cause President Joe Biden to lose the 2024 election. Garlinghouse and other crypto figures believe Gensler’s stance on crypto regulation will have major political ramifications.
Garlinghouse Criticizes Gensler’s Comments at Bloomberg Summit
At the Bloomberg Invest Summit on Tuesday, Gensler made critical remarks about the crypto industry. He stated that many of crypto’s “leading lights from a couple years ago are either in jail, about to go to jail, or awaiting extradition.”
In response, Garlinghouse took to Twitter to call Gensler’s comments “absolute nonsense.” He accused Gensler of missing major issues like FTX‘s collapse and cozying up to Sam Bankman-Fried. Garlinghouse believes Gensler should have been fired already for failing to properly serve the public.
Garlinghouse: Gensler Will Lead to Trump’s Return
Garlinghouse explicitly predicted Gensler’s stance on crypto regulation will cause Biden to lose the 2024 election. Mark Cuban recently expressed a similar view, tweeting that Gensler and the SEC may lead to Trump defeating Biden.
This contrasts with Trump’s friendlier stance toward crypto. While Biden is expected to face Trump again in 2024, Garlinghouse and Cuban believe Gensler’s policies will tip the election in Trump’s favor.
Conclusion
The war of words between Ripple and SEC Chair Gensler continues. But crypto industry leaders now believe Gensler’s regulatory approach will have major political consequences in the 2024 presidential race. Garlinghouse and Cuban have boldly stated Gensler’s crypto policies will lead directly to Trump unseating Biden. The crypto regulatory environment is colliding with national politics in an unprecedented way.
