Also, Ripple CEO Brad Garlinghouse thanked the newly elected President of the USA, Mr. Donald Trump, in his own words via a tweet. In the X post, it can be clearly seen how Garlinghouse addressed some serious issues with a dash of humor. He even mentioned things that, in his opinion, President Donald Trump should pay attention to, in his first 100 days of the office. Firing Gary Gensler is the first thing most people agree with.
Ripple’s Garlinghouse thinks it a high time to replace Gensler with someone more competent
.@realDonaldTrump, Congratulations!
Some fodder for your first 100-day checklist to get things moving:
– Fire Gensler. Day 1, no delays.
– In his place, appoint Giancarlo, Brooks, or Gallagher – they’d be massive upgrades in rebuilding the rule of law (and reputation) at the…
“Fire Gensler. Day 1, no delays,” Garlinghouse wrote for these types of comments. It is self explanatory that Mr Garlinghouse has apparently had enough of these delays and believes the agency requires a change in management. He recommended Gensler’s three possible replacements: Chris Giancarlo, Brian Brooks, and Dan Gallagher. He explained that those people have experience in working in the US financial sector, have a good amount of pro-crypto sentiment and would be able to pull the SEC out of the dirt. These three helped in the same way Marty Walsh did, and they set the pattern for clarifying what regulation around the cryptocurrencies should look like.
Garlinghouse did not stop on this and urged Trump to organise a dinner where Republicans and Democrats can wish differences aside and talk about and advocate the Digital Asset Market Structure Bill which is still with the Senate. This bill has a lot of meaning as far as regulating the digital assets is concerned as it seeks to be the compass that gives direction and in a way protection of the market investment to the investors.
Clarity on ETH’s status
Finally, and in what seemed like a last insult to the SEC, Garlinghouse seeks clarification on Ethereum’s status. “Similar to XRP and BTC, can we get some clarity that ETH is not a security, right?!” he asked noting the importance of comprehensible regulations that are in place.
The post generated fast responses in the community, many applauding Garlinghouse for standing so firmly and decisively. Since Ripple is still at court with the SEC many crypto And other leaders, Garlinghose included, are looking for a clear definition of regulations for the crypto space.
Ripple CEO’s post to Donald Trump highlights the pressing issue that there is a need to overhaul regulations that could create a clear framework for the future of digital assets in America.