Ripple CEO: SEC Chair Gensler Will Cost Biden the 2024 Election

Joshua Ramos
US Congressman Warren Davidson to Introduce Legislation to Fire SEC's Gary Gensler
Source: Bloomberg

Ripple CEO Brad Garlinghouse has recently said that US Securities and Exchange Commission (SEC) Chair Gary Gensler will cause Joe Biden to lose in the 2024 Presidential Election. Indeed, Garlinghouse took to X (formerly Twitter) to speak on the SEC head. Specifically, his effect on the country’s current state regarding digital assets.

Ripple and the SEC have a well-documented history. Both sides have been stuck in a years-long legal battle. However, Garlinghosue isn’t the only one who has been critical of the agency’s head. Shark Tank star Mark Cuban recently shared similar views regarding the agency chair’s impact on the presidential race.

Also Read: Ripple: How XRP May be Preparing a $5 Bull Rally in 2025

Garlinghouse Says SEC Will Lead Trump Back to White House

Source: Bloomberg

Speaking at the Bloomberg Invest Summit on Tuesday, the SEC’s Gensler called out cryptocurrency companies in a big way. “This is a field where the leading lights from a couple of years ago are either in jail, about to go to jail, or awaiting extradition,” Gensler said.

“That’s the field right now where the public has really been harmed. And there’s significant non-compliance in the field,” he added. As one would expect, Ripple’s CEO didn’t take kindly to the statement. He blatantly expressed that the SEC Chair will cost Biden the 2024 election.

“Absolute nonsense coming from Gary Gensler,” Garlinghouse said in a post. “And this slander about ‘all crypto execs going to jail’ from the man who completely missed FTX (and actually cozied up to SBF), and wasn’t even invited to the DOJ announcement about Binance.”

Source: Bloomberg

Also Read: SEC Chair Gensler Accuses Crypto Exchanges of Breaking the Law

“If he was really ‘working for the American people’ as he says, he would have been fired a long time ago,” the CEO said. Thereafter, Garlinghouse added that “Gensler will cause Biden to lose the election.”

Mark Cuban recently expressed a similar sentiment. In a post to X, Cuban said, “If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and the SEC.” Indeed, the sentiment contrasts Donald Trump’s approach. The former president welcomed the asset class as he is set to go against Biden once again this November.