Brad Garlinghouse Blames Biden Administration

Brad Garlinghouse, CEO of Ripple, criticized the Biden administration for the current difficulties in the cryptocurrency industry.

In an interview with Fox Business, Garlinghouse sharply criticized the Biden administration, accusing it of the hurdles facing the cryptocurrency industry. His remarks are significant especially in the context of the upcoming elections, as the American electorate seeks to prepare for voting. Additionally, they are important for cryptocurrency-related voters who expect greater knowledge of cryptocurrency issues among politicians.

Garlinghouse emphasized that most of the difficulties present in the cryptocurrency market stem from the actions of the Biden administration. According to him, the strict oversight and regulations imposed by the government pose a serious obstacle to the development of cryptocurrency markets.

It is worth noting that cryptocurrency users constitute a significant group in this year's US elections. Decisions by the Biden administration, such as ceasing the collection of data on energy consumption related to bitcoin mining, may influence their choice. The cryptocurrency community remains steadfast in the belief that support for the cryptocurrency industry will be a key element for any government hoping to win elections.