{"id":14719,"date":"2024-06-26T16:20:38","date_gmt":"2024-06-26T13:20:38","guid":{"rendered":"https:\/\/forklog.com\/en\/ripple-ceo-warns-sec-policy-could-cost-biden-the-election\/"},"modified":"2024-06-26T16:20:38","modified_gmt":"2024-06-26T13:20:38","slug":"ripple-ceo-warns-sec-policy-could-cost-biden-the-election","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ripple-ceo-warns-sec-policy-could-cost-biden-the-election\/","title":{"rendered":"Ripple CEO Warns SEC Policy Could Cost Biden the Election"},"content":{"rendered":"<p>The approach of <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> Chairman Gary Gensler may lead to Joe Biden&#8217;s defeat in the upcoming U.S. presidential election in November, according to Ripple CEO Brad Garlinghouse.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Absolute nonsense coming from <a href=\"https:\/\/twitter.com\/GaryGensler?ref_src=twsrc%5Etfw\">@GaryGensler<\/a> today. <\/p>\n<p>And this slander about \u201call crypto execs going to jail\u201d from the man who completely missed FTX (and actually cozied up to SBF), and wasn\u2019t even invited to the DOJ announcement about Binance. <\/p>\n<p>If he was really \u201cworking for the\u2026 <a href=\"https:\/\/t.co\/c3ynB5Gncl\">https:\/\/t.co\/c3ynB5Gncl<\/a><\/p>\n<p>\u2014 Brad Garlinghouse (@bgarlinghouse) <a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1805709954613203193?ref_src=twsrc%5Etfw\">June 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The executive was outraged by the official&#8217;s remarks at the Bloomberg Invest summit in New York, where he claimed that key industry players are &#8220;either in jail, about to go to jail, or awaiting extradition.&#8221;<\/p>\n<p>Garlinghouse called these statements &#8220;nonsense.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAnd this slander [\u2026] from the man who completely missed <\/em><em>FTX<\/em><em> (and actually cozied up to SBF) and wasn\u2019t even invited to the <\/em><em>DOJ announcement about Binance<\/em><em>. If Gensler was really \u201cworking for the American people,\u201d as he says, he would have been fired long ago. The SEC head will lead to Biden losing the election,\u201d<\/em> added the Ripple CEO.<\/p>\n<\/blockquote>\n<p>Ripple and the SEC have been embroiled in a legal battle since 2020, when the Commission accused Ripple of raising $1.3 billion through the sale of XRP as unregistered securities.<\/p>\n<p>In July 2023, Judge Analisa Torres ruled in favor of the company. The case regarding institutional sales of XRP by the company continues.<\/p>\n<p>In May 2024, billionaire investor Mark Cuban <a href=\"https:\/\/forklog.com\/en\/news\/mark-cuban-joins-critics-of-bidens-cryptocurrency-policy\">stated<\/a> that Gensler&#8217;s stance on cryptocurrencies could hinder Biden&#8217;s re-election as president.<\/p>\n<p>A month later, he reiterated his position.<\/p>\n<p>Back in 2023, during debates with former SEC attorney John Reed Stark, the billionaire claimed that the regulator is \u201cthrowing cryptocurrency under the bus.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The approach of SEC Chairman Gary Gensler may lead to Joe Biden&#8217;s defeat in the upcoming U.S. presidential election in November, according to Ripple CEO Brad Garlinghouse. Absolute nonsense coming from @GaryGensler today. And this slander about \u201call crypto execs going to jail\u201d from the man who completely missed FTX (and actually cozied up to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1274,1138,36,128],"class_list":["post-14719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-brad-garlinghouse","tag-opinions","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14719"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14718"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}