Ripple CEO: SEC Chair Will Change Regardless of Presidential Election Outcome
Ripple Labs CEO Brad Garlinghouse has boldly predicted that SEC Chairman Gary Gensler will leave office regardless of the outcome of the 2024 U.S. presidential election, and Garlinghouse has said he's willing to make a “gentleman's bet” that Gensler's term will not continue regardless of who occupies the White House. Garlinghouse said he was willing to make a “gentleman's bet” that Gensler's tenure would not continue regardless of who was in the White House.
Ripple has been embroiled in a legal battle with the SEC since 2020, and Garlinghouse spoke about U.S. cryptocurrency policy against the backdrop of the November election, arguing that “technology should bridge political divides and is expected to foster bipartisanship as the election progresses.” He noted that while Republicans have taken a more aggressive stance on cryptocurrencies, several leading Democrats also see these technologies as key to maintaining U.S. leadership in the tech sector.
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