2024

Biden

Gary

<ul class="news-points">
 <li>Ripple CEO labels SEC Chairman a political liability amid new developments in the FIT21 crypto bill passed by Congress</li>
 <li>71 Democrat legislators did not support Gensler’s position on the recently passed crypto bill</li>
 <li>Garlinhouse believes Judge Torres’ judgment influenced a section of the FIT21 crypto bill</li>
</ul>
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.
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 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! <a href="https://t.co/Ff6x78mgax" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Ff6x78mgax</a>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1793413435952374215?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 22, 2024</a>
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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 …
The post <a href="https://coinedition.com/ripple-ceo-slams-secs-gensler-as-congress-passes-fit21-bill/" rel="noopener noreferrer nofollow">Ripple CEO Slams SEC’s Gensler as Congress Passes FIT21 Bill</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

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

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