Ripple CEO Slams SEC Chair’s ‘Nonsense’ Crypto Claims Amid Market Downturn

• The Ripple CEO slams SEC Chair Gary Gensler for his recent criticism of the crypto industry.
• Gensler states that the industry experts are either in jail, about to go to jail, or awaiting extradition
• Brad Garlinghouse states that Gensler would have been fired if he had really worked for the American people. 

Ripple CEO Brad Garlinghouse sharply criticized SEC Chair Gary Gensler, calling his recent remarks on the cryptocurrency industry “nonsense.” Garlinghouse’s comments followed a Bloomberg interview in which Gensler expressed concerns about investor protection and the prevalence of unregistered securities in the crypto market.

Absolute nonsense coming from @GaryGensler today.

And this slander about “all crypto execs going to jail” from the man who completely missed FTX (and actually cozied up to SBF), and wasn’t even invited to the DOJ announcement about Binance.

If he was really “working for the… https://t.co/c3ynB5Gncl

— Brad Garlinghouse (@bgarlinghouse) June 25, 2024

Garlinghouse’s rebuke follows a Bloomberg interview in which Gensler criticized the crypto industry for allegedly harming the public. Gensler highlighted the vastness of the c…

The post Ripple CEO Slams SEC Chair’s ‘Nonsense’ Crypto Claims Amid Market Downturn appeared first on Coin Edition.