Ripple CEO and famous billionaire makes a fool of this name: It will cause losses!

Ripple CEO Brad Garlinghouse said SEC Chairman Gary Gensler will cause Joe Biden to lose the U.S. presidential election in November. Garlinghouse’s comments echo voices like those of billionaire Mark Cuban, who recently expressed similar views.

Ripple CEO: Gensler will make Biden lose the election!

As you have already read Cryptocoin.comChairman of the US Securities and Exchange Commission (SEC), Gary Gensler, is at the centre of the reactions with his anti-cryptocurrency stance. The SEC was forced under pressure to approve spot ETFs for Bitcoin and Ethereum. However, Chairman Garry Gensler is not backing down from his crypto stance. Ripple CEO Brad Garlinghouse said Gensler would cause Joe Biden to lose the US presidential election in November.

Gary Gensler commented on the crypto industry on Tuesday at the Bloomberg Investment Summit in New York. “This is an area where the leaders of a few years ago are either in prison, about to be, or awaiting extradition,” Gensler said. “This is an area where the public is really suffering right now. And there are significant violations in this area,” Gensler added. “Absolute nonsense coming from Gary Gensler,” Garlinghouse responded. He also highlighted the following points:

All crypto executives are going to jail,’ says the man who completely hijacked FTX (and actually sided with SBF) and wasn’t even invited to the DOJ announcement on Binance. If he really ‘worked for the American people,’ as he says, he would have been fired a long time ago. Gensler will make Biden lose the election.

The relentless battle between the SEC and Ripple continues!

The SEC and Ripple have been in a legal battle since 2020. At the time, the SEC declared that Ripple’s native token XRP was an unregistered security. In this context, it accused Ripple of raising $1.3 billion by selling XRP. This case is currently ongoing. Last year, however, Judge Analisa Torres ruled that some of Ripple’s so-called programmatic sales of XRP did not violate securities laws because they used a blind offer process. However, she ruled that other direct token sales to institutional investors constituted securities investment contracts.

Mark Cuban criticizes Gensler over 2024 elections!

Billionaire crypto investor Mark Cuban also opined last month that the way cryptocurrencies are regulated in the US will influence voters in the 2024 presidential election. Ripple CEO Brad Garlinghouse is not the only voice to hold such views. Cuban said at the time: “If Joe Biden loses, there’s a good chance you’ll be thanking Gary Gensler and the SEC. Crypto is a mainstay for young and independent voters.”

On the other hand, former President Donald Trump has said he supports crypto and labeled Democrats and the Biden administration as anti-crypto. However, according to sources, the Biden administration’s understanding of crypto assets and communities has changed. When asked at the event to respond to billionaire Mark Cuban’s accusations that Gensler would blame him if President Biden lost the election, Gensler said, “I don’t talk about elections.”

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