Ripple CEO Predicts SEC Chair Gensler's Departure Amidst Cryptocurrency Crackdown
CryptoNewsTerminal Staff02 Sep, 2024
Ripple CEO Predicts SEC Chair Gensler's Departure Amidst Cryptocurrency Crackdown
Ripple CEO Brad Garlinghouse has expressed confidence that Securities and Exchange Commission (SEC) Chairman Gary Gensler's position is in jeopardy, even if Democratic candidate Kamala Harris wins the US presidential election in November. Garlinghouse highlighted concerns among Democratic leaders regarding the SEC's aggressive stance toward virtual assets. He emphasized that the SEC's actions against the cryptocurrency industry lack a solid foundation. Ripple's recent legal victory against the SEC has been hailed as a significant achievement for the entire industry. Garlinghouse believes that this outcome signals a shift in the regulatory landscape for cryptocurrencies. The SEC's ongoing investigation into Ripple has cast a shadow over the cryptocurrency market. Gensler's departure would potentially pave the way for a more balanced approach to regulation, creating a more favorable environment for the growth and adoption of digital assets.
