Ripple CEO Slams SEC’s Gensler as Congress Passes FIT21 Bill

• Ripple CEO labels SEC Chairman a political liability amid new developments in the FIT21 crypto bill passed by Congress
• 71 Democrat legislators did not support Gensler’s position on the recently passed crypto bill
• Garlinhouse believes Judge Torres’ judgment influenced a section of the FIT21 crypto bill

Ripple CEO Brad Garlinghouse has criticized the U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler as a political liability to the Biden administration. Garlinghouse’s remarks follow developments from the FIT21 crypto bill passed by the US Congress.

Well, this certainly HAS aged well!

Today, more than ever, we are seeing what a political liability Gensler has been to the Biden administration.

It's the reason we saw 71 Dems cross the aisle and support FIT21.

We are just getting started! https://t.co/Ff6x78mgax

— Brad Garlinghouse (@bgarlinghouse) May 22, 2024

The Ripple CEO noted that 71 Democrat legislators crossed the aisle to support the FIT21 crypto bill, demonstrating their disapproval of Gensler’s position concerning cryptocurrency. He highlighted a section of the bill addressing how to treat digital assets sold according to …

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