According to BlockBeats, on September 4, Decrypt reported that Brad Garlinghouse, CEO of Ripple Labs, boldly predicted that Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), will leave regardless of the outcome of the 2024 U.S. presidential election. Garlinghouse said he was willing to make a “gentleman’s bet” that Gensler’s term would not continue regardless of who entered the White House.
Ripple has been embroiled in a legal battle with the SEC since 2020, and Garlinghouse spoke about U.S. cryptocurrency policy in the context of the November election, arguing that “technology should bridge political divides and is expected to promote bipartisanship as the election progresses.” He noted that while Republicans have taken a more positive stance on cryptocurrencies, several leading Democrats also believe that these technologies are key to maintaining the United States’ leadership in the tech sector.
