{"id":82584,"date":"2024-06-26T03:19:37","date_gmt":"2024-06-26T07:19:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82584"},"modified":"2024-06-26T03:20:27","modified_gmt":"2024-06-26T07:20:27","slug":"ripple-ceo-slams-sec-chair-for-go-to-jail-comment-on-crypto-execs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ripple-ceo-slams-sec-chair-for-go-to-jail-comment-on-crypto-execs\/","title":{"rendered":"Ripple CEO Slams SEC Chair for “Go to Jail” Comment on Crypto Execs"},"content":{"rendered":"\n

The SEC Chair stated most crypto players have gone to\u00a0prison. Ripple CEO<\/a> called out his offensive comments that Gensler might cost\u00a0Biden the election.<\/p>\n\n\n\n

\"Ripple<\/figure>\n\n\n\n

SEC Chairman Gary Gensler recently made a controversial statement during his recent interview at the Bloomberg Investment Summit, claiming that the majority of crypto executives have been incarcerated.<\/p>\n\n\n\n

Crypto industry leaders were not pleased with this and slammed the SEC chair.<\/p>\n\n\n\n

Ripple CEO Calls Gensler\u2019s Comments \u201cAbsolute Nonsense\u201d<\/h2>\n\n\n\n

While speaking about the crypto industry during his Bloomberg interview\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, SEC chair Gary Gensler said: \u201cThe American public is not getting the proper disclosure that they are required to get by law, but they need. This is a field where the leading lights from a couple of years ago are either in jail, about to go to jail, or awaiting extradition\u201d.<\/p>\n\n\n\n

In response to Gensler's remarks, Ripple CEO Brad Garlinghouse issued a vehement condemnation, characterizing them as “absolute nonsense.”<\/p>\n\n\n\n

Garlinghouse also emphasized Gensler's failure to handle the FTX collapse, as well as his close relationship with Sam Bankman-Fried and his absence from the DOJ's announcement on Binance.<\/p>\n\n\n\n

Furthermore, the Ripple CEO asserted that the SEC Chairman would have been dismissed by now if he were truly serving the American people.<\/p>\n\n\n\n

Additionally, he cautioned that Gensler's actions could result in the loss of the upcoming 2024 US elections for American President Joe Biden<\/a>.<\/p>\n\n\n\n

Will SEC\u2019s Gary Gensler Cost Joe Biden the Election?<\/h2>\n\n\n\n

Brad Garlinghouse is hardly the first person to point out that Gensler's actions may cost Joe Biden the next election.<\/p>\n\n\n\n

Billionaire Mark Cuban also expressed similar sentiments in May last month.<\/p>\n\n\n\n

In the Bloomberg interview, the presenter reminded him of Cuban's views. The SEC Chair responded by saying, “I don't speak about\u00a0elections.”<\/p>\n\n\n\n

Adding further he said: \u201cMy role as a securities regulator\u2014as chair of this great 5,000-person agency that oversees $120 trillion capital markets\u2014is to look out for investors, look out for issuers and, where appropriate, to be a cop on the beat,\u201d he said.<\/p>\n\n\n\n

Although the crypto industry has criticized Gary Gensler for the inconsistencies in the securities laws, the SEC chair<\/a> has categorically denied them. \u201cThere\u2019s nothing inconsistent about crypto securities and the securities laws,\u201d he said.<\/p>\n\n\n\n

\n

Gary Gensler, chair of the US Securities and Exchange Commission, says "there's nothing inconsistent about crypto securities and the securities laws," but he does say they are still being broken https:\/\/t.co\/518XPTe1fq<\/use><\/svg><\/span><\/a> pic.twitter.com\/CtvqUOpSfR<\/use><\/svg><\/span><\/a><\/p>— Bloomberg TV (@BloombergTV) June 25, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The SEC Chair stated most crypto players have gone to\u00a0prison. Ripple CEO called out his offensive comments that Gensler might cost\u00a0Biden the election. SEC Chairman Gary Gensler recently made a controversial statement during his recent interview at the Bloomberg Investment Summit, claiming that the majority of crypto executives have been incarcerated. Crypto industry leaders were […]<\/p>\n","protected":false},"author":56,"featured_media":82590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[10605,1920,20221,4177],"class_list":["post-82584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-brad-garlinghouse","tag-gary-gensler","tag-ripple-ceo","tag-sec-chair"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/Ripple-CEO-Slams-SEC-Chair-for-Go-to-Jail-Comment-on-Crypto-Execs.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82584"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82590"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}