Ripple CEO Brad Garlinghouse has spoken out about the upcoming elections in the United States.
He believes that the policies of SEC Chairman Gary Gensler could lead to Joe Biden’s defeat in the presidential elections.
Garlinghouse is convinced that Gensler is hindering the development of the blockchain industry in the U.S. and suppressing crypto companies through the SEC.
In his post on X, the Ripple CEO noted that despite this, the Commission did not respond to the collapse of the FTX exchange, which caused losses for many American investors.
According to Garlinghouse, the SEC’s policies under Gensler undermine trust in the government and could ultimately lead to Biden’s defeat in the elections.
It is worth noting that the SEC filed a lawsuit against Ripple at the end of 2020, accusing the company of selling “unregistered securities” worth $1.3 billion.
The legal process has been ongoing with mixed results, but Garlinghouse is confident that his team will prevail against the SEC.
