The CEO of Ripple, Brad Garlinghouse, has slammed the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, as a “political liability.” Emphasizing that Gensler is not acting in the interests of the people or the long-term growth of the economy, the Ripple executive said: “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.”
Garlinghouse Calls SEC Chair a ‘Political Liability’
Ripple CEO Brad Garlinghouse directed strong criticism towards U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler in Davos on Tuesday. Calling Gensler a “political liability” due to his approach to the crypto industry, Garlinghouse said:
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 unders
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