Ripple CEO Brad Garlinghouse has made some strong statements against SEC Chairman Gary Gensler, criticizing his comments on the cryptocurrency industry. Gensler had claimed that the crypto industry is a place where executives end up in prison, to which Garlinghouse responded by calling it “utter nonsense.” Garlinghouse also pointed out Gensler’s failure to address certain issues and suggested that his actions could lead to President Joe Biden losing the 2024 election. This is not the first time that Gensler has faced criticism, with billionaire Mark Cuban also expressing similar sentiments earlier this year. The tension between industry leaders and regulatory authorities continues as the cryptocurrency market evolves.
