Gary Gensler will make Biden lose the election, says Ripple’s Brad Garlinghouse – DiarioBitcoin

According to Garlinghouse, Gensler’s stance and the actions of the SEC They will cause President Biden to lose the elections, since he will not be able to have the support of the community of voters who are part of the crypto sector.

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• Garlinghouse believes that Gensler is Biden’s worst enemy facing his re-election
• Consider that Gensler’s position and the SEC is alienating voters from the crypto sector
• The manager of Ripple He takes a position similar to that proposed by Mark Cuban.
• The elections are at the end of the year, and it seems that the crypto issue is in the focus of the campaigns

Brad Garlinghouse, CEO of Ripple, assured that the actions promoted by the president of the US Securities and Exchange Commission (SEC), Gary Gensler, will cause the current North American president, Joe Biden, to lose the elections scheduled for the end of this year.

Does Gensler represent a danger to Biden?

Garlinghouse’s reading as a critique after Gensler’s statements Investment Summit in New York, organized by Bloomberg, where he reiterated that the crypto sector is “a field where prominent figures from a couple of years ago are in jail… where the public has been really harmed and there is significant non-compliance.”

Faced with these statements, Garlinghouse indicated that such comments are ““absolute nonsense,” and I add:

This “all crypto executives go to jail” smear from the man who completely missed FTX (and actually reached out to SBF), and wasn’t even invited to the DOJ announcement about Binance. If he was truly “working for the American people,” as he puts it, he would have been fired a long time ago.

And then he closed with this:

Gensler will make Biden lose the election.

As such, Garlinghouse has been a harsh critic of the SEC and Gensler himself, this due to the legal process imposed against Ripple years ago, which culminated in a partial victory for the service company Blockchain and with a million-dollar fine that is still being defined in court.

Not only Garlinghouse thinks so

On the other hand, Garlinhouse’s comments add to the perspectives raised by other members of the crypto sector. For example, we have the statements of the investor and crypto enthusiast, Mark Cuban, who made similar statements and anticipated that it will be the vote of the crypto community that will make the difference in these elections, tipping the balance in favor of former President Donald Trump.

The accusations against Gensler are based mainly on the aggressive stance with which the SEC has been acting against the crypto sector. The agency has taken enforcement actions and lawsuits against important companies in the ecosystem, highlighting cases such as those of Coinbase, Binance, Robinhood, Uniswap, Kraken and many others.

Now that cryptocurrencies are a political issue, analysts suggest that the Biden administration is trying to seek the sympathy of investors and enthusiasts of these assets. It is for this reason that, against all odds, the SEC Surprisingly changed mind on ETFs Ethereum in cash, to the point that it approved them and is only waiting to schedule the launch date of these products on the US stock market.

Meanwhile, Trump is making strong progress in his campaign and has the crypto sector among his priorities. He assures that if elected he will respect the rights of investors and he will advocate for the self-custody of Bitcoin and other digital currencies, will support crypto mining activities and work to ensure that the future of the sector is in the US.

For now, the next elections are scheduled for November 5, and the candidates are making more and more comments directed at the crypto sector, who are a critical mass that could define the victory of one of the candidates.

Article by Angel Di Matteo / Bitcoin Diary

Picture of DiarioBitcoin, free to use, under public domain license

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