Brad Garlinghouse

Ripple CEO allowed Biden to be defeated in the election due to SEC policy

The policy of SEC Chairman Gary Gensler could lead to Joe Biden’s defeat in the upcoming U.S. presidential election in November. This was stated by Ripple CEO Brad Garlinghouse.

Absolute nonsense coming from @GaryGensler today.

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.

If he was really “working for the…

— Brad Garlinghouse (@bgarlinghouse) June 25, 2024

The top manager was outraged by the official’s statements at the Bloomberg Invest summit in New York, where he said that key industry players “are either in prison, or going to jail, or awaiting extradition.”

Garlinghouse called these words “nonsense.”

“And this slander […] from a man who completely skipped FTX (and actually got closer to SBF) and wasn’t even invited to the announcement [by agreement] The Ministry of Justice about Binance. If Gensler had really “worked for the American people,” as he says, he would have been fired long ago. The head of the SEC will lead to Biden losing the election,” the CEO of Ripple added.

Ripple and the SEC have been in litigation since 2020, when the Commission accused Ripple of raising $1.3 billion by selling XP in the form of unregistered securities.

In July 2023, Judge Antonio Torres ruled in favor of the company. The case regarding the institutional sales of XRP by the company continues.

Recall that in May 2024, billionaire investor Mark Cuban said that Gensler’s position on cryptocurrencies could prevent Biden from being re-elected president.

A month later, he repeated his position.

Back in 2023, during a debate with ex-SEC lawyer John Reed Stark, the billionaire said that the regulator was “throwing cryptocurrency under the bus.”

Ripple CEO: US is the worst place for cryptocurrency startups

Brad Garlinghouse said the US, following the example of the UK and some other countries, should simultaneously encourage innovation and protect consumers

Ripple CEO Brad Garlinghouse called the United States one of the “worst places” to launch cryptocurrency projects. He announced this at the Token 2049 conference in Singapore, writes Cointelegraph.

“The only country in which I would not recommend opening a company at this time is the United States,”Garlinghouse said.

At the same time, Singapore, Great Britain, the UAE and Switzerland are countries where “smart” policies are being implemented to regulate the crypto market, says the head of Ripple. He said the United States should follow the example of these countries by simultaneously encouraging innovation and protecting consumers.
rbc.group

Gaprlinghaus believes that this situation was led to by the actions of the US Securities and Exchange Commission (SEC), which through numerous lawsuits is waging a “political war” with the industry.

In September, the US Congress introduced an updated bill against the digital dollar. The document prohibits the Fed from issuing retail digital currencies, and also supports US values of protecting privacy, individual sovereignty and competitiveness in the free market.