Ripple CEO Brad Garlinghouse has strongly criticised SEC Chair Gary Gensler's recent comments on crypto regulation, dismissing them as "absolute nonsense" and suggesting they could affect the outcome of the upcoming election.
Garlinghouse accused Gensler of oversight failures, highlighting his alleged oversight of issues with FTX and interactions with its founder Sam Bankman-Fried (SBF).
He also noted Gensler's exclusion from the US Department of Justice's announcement on Binance.
Garlinghouse's remarks reflect broader criticism within the crypto community regarding regulatory approaches under Gensler's leadership, with implications for political outcomes.