The CEO of crypto firm Ripple, who feels like his firm has been targeted by Biden's SEC, came out swinging this week against the agency and its leader.
The comment from Garlinghouse was directed at Gensler over the SEC chief’s track record on regulating the crypto industry, lengthy delays to approving spot bitcoin exchange-traded funds, and high-profile lawsuits against companies like his, reported CNBC.
“I do think the chair of the SEC, Gary Gensler, is a political liability in the United States. And I think he’s not acting in the interests of the citizenry, he’s not acting in the interests of the long-term growth of the economy, and I don’t understand it,” Ripple CEO Brad Garlinghouse declared.
“I think at some point there will be a new chair of the SEC, and I think that will be a good thing for the American people.”
Ripple CEO Brad Garlinghouse stated what the entire US and quite frankly world leaders, understand about U.S. SEC Chairman Gary Gensler, declared host of the KUWL.show, Rob Cunningham.
In brief, Gensler is a rogue, activist regulator without accountability to reason, Congress, voters or law. His actions are destructive to all in the emerging digital asset ecosystem, making only institutional banking incumbents threatened by global innovation, happy.
The U.S. government has been hostile to decentralized crypto which would undermine and dissolve the fiat system which has led to such financial destruction.
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