Ripple CEO Predicts SEC Chair Departure Regardless Of 2024 Election Outcome

According to BlockBeats, Ripple Labs CEO Brad Garlinghouse has made a bold prediction that regardless of the outcome of the 2024 U.S. presidential election, SEC Chairman Gary Gensler will step down. Garlinghouse expressed his willingness to make a 'gentleman's bet' that Gensler's term will not continue, no matter who takes office in the White House. Since 2020, Ripple has been embroiled in a legal battle with the SEC. In the context of the upcoming November election, Garlinghouse discussed U.S. cryptocurrency policy, emphasizing that technology should bridge political divides. He anticipates that as the election progresses, technology will foster bipartisan cooperation. He noted that while Republicans have taken a more proactive stance on cryptocurrency, several key Democrats also view these technologies as crucial for maintaining America's leadership in the tech sector.