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Ripple chief executive officer Brad Garlinghouse has slammed Gary Gensler, the chairman of the United States Securities and Exchange Commission , for his recent slander about most crypto executives going to jail.in a tweet that Gensler and his approach to crypto regulation would cause U.S. President Joe Biden to lose the upcoming elections.with Bloomberg on Tuesday, Gensler spoke about the U.S.
Gensler said the crypto space is rife with non-compliance and has caused significant harm to American investors. According to Gensler, the“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. Think about it. This is that field. That’s the field right now where the public has really been harmed. And there’s significant non-compliance in the field,” Gensler stated.
In addition, Garlinghouse noted that Gensler’s incompetence was evident in his absence from the Department of Justice’s announcement of a multi-billion-dollar settlement with Binance, the world’s largest crypto exchange. “If he was really ‘working for the American people’ as he says, he would have been fired a long time ago. Gensler will cause Biden to lose the election,” the Ripple CEO added.
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