Ripple CEO Brad Garlinghouse recently… pointed out to US Securities and Exchange Chairman Gary Gensler for the latter’s comment on the jailing of cryptocurrency executives.
Ripple CEO Brad Garlinghouse recently… pointed out to US Securities and Exchange Chairman Gary Gensler for the latter’s comment on the jailing of cryptocurrency executives.
“This is a field where the leaders from a couple of years ago are in jail, about to go to jail or waiting to be extradited,” he said.
Garlinghouse has pointed out that Gensler In fact, he missed the FTX fiasco. Moreover, he even accused the SEC boss of getting close to FTX founder Sam Bankman-Fried.
Tomiwabold OlajideThis is not the first time Gensler has faced criticism for his interactions with the infamous businessman. Last year, this issue was raised by US Representative Patrick McHenry, chairman of the House Financial Services Committee.
Bankman-Fried was sentenced to 25 years in federal prison in March for his role in multiple fraudulent schemes.
Tomiwabold OlajideHundreds of thousands of customers were affected by the exchange’s collapse, with many critics pointing fingers at the SECOND as it was too late for the game to stop this disaster.
Following the collapse of the FTX exchange, Garlinghouse said regulators are supposed to discourage “horrible behavior” to make sure it was harder to pull off scams like FTX.
In his most recent social media post, Garlinghouse also commented on Binance’s settlement with the Department of Justice. She noted that the SEC was not even invited to the announcement about the exchange.
