Brad Garlingohuse has been added to the list of business people who have spoken harshly about US Securities and Exchange Commission (SEC) chairman Gary Gensler. The Ripple CEO responded to some of Gensler’s statements on X.

Gensler: Crypto executives are either in jail or waiting to go

Speaking at Bloomberg’s Investment Summit conference on Tuesday, Gensler said, “The crypto world is a place where the stars of the past years are now in jail. Executives are either in jail or waiting to go to jail or waiting to be extradited to the US,” he said. Gensler also claimed that cryptocurrencies are also harming the public.

Garlinghouse It will lose the election

Ripple CEO Garlinhouse stated that there is no logic in what Gensler said and used the following statements:

“Gary Gensler is completely ridiculous. This man, who missed FTX, saying that all crypto executives will go to jail is big nonsense and slander. He wasn’t even invited to the US Department of Justice meeting on the Binance investigation. If he really wanted to work for the US people, he would have been fired already. It will cause Biden to lose the election”

In recent weeks, Mark Cuban, a famous businessman and one of the owners of the Dallas Mavericks, stated that Gensler’s crypto steps would cost Biden to lose the election.

After these reactions to Biden, another presidential candidate, Donald Trump, started to speak in favor of the crypto world.