A Bold Statement from Ripple CEO Brad Garlinghouse 💥
The cryptocurrency world is boiling over! Following Donald Trump’s surprising election victory, crypto industry representatives are demanding consequences. Leading the charge is Ripple CEO Brad Garlinghouse, who has now made a bold call: Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), must go.
In a direct X-post, Garlinghouse congratulates the newly elected 47th president and lays out a to-do list for Trump’s first 100 days in office. His top priority? “Fire Gensler – on Day One!” 🚀 The message is clear: the long-running legal battle between Ripple and the SEC needs to end, and Garlinghouse sees a fresh opportunity for a new era of crypto regulation in the U.S.
SEC and Ripple: An Ongoing Battle ⚖️
The conflict between Ripple and the SEC has simmered for years, with the SEC labeling Ripple’s token, XRP, as a security and launching corresponding lawsuits. However, a recent ruling by a U.S. federal judge determined that XRP is not a security, a decision Garlinghouse addressed pointedly in an interview: “The SEC is acting outside the law.” 🎤
Garlinghouse’s Picks for New SEC Leadership 🧑⚖️
Garlinghouse didn’t stop at calling for Gensler’s removal; he suggested three potential replacements for the SEC leadership: Giancarlo, Brooks, or Gallagher – all of whom he believes would “restore the rule of law and the SEC’s reputation.”
XRP Price: A Modest Rise After Trump Victory 📈
At the time of writing, XRP stands at $0.548, reflecting a 5.84% increase over the previous week. Despite the political upheaval, the impact on XRP’s price remains limited. However, the Ripple community is hopeful for a swift shift toward crypto-friendly regulatory policies.
Regulatory Clarity and a New Project: Ripple USD 💡
Garlinghouse’s final recommendation to Trump is to host a bipartisan dinner to push the “Digital Asset Market” bill forward in the Senate. Clear regulations could empower not only XRP but the entire altcoin market. Meanwhile, Ripple has new ventures in the works: the recent announcement of its stablecoin “Ripple USD” aims to further energize the market.