đ¨đ¨ Ripple Executives Urge Trump for Prompt Crypto Policy Reform Post-Election đ¨đ¨
In the wake of Donald Trumpâs presidential election victory, Ripple ($XRP) executives Brad Garlinghouse (CEO) and Stuart Alderoty (CLO) have called for immediate action on cryptocurrency regulation. Garlinghouse laid out a strategic âfirst 100-day checklistâ for the new administration, emphasizing the need for swift reform.
His recommendations include the removal of current SEC Chair Gary Gensler, proposing replacements such as former CFTC Chairman Chris Giancarlo, former OCC Comptroller Brian Brooks, or former CFTC Commissioner Dan Gallagher, whom he described as âsubstantial upgradesâ to restore SEC credibility and the rule of law.
Garlinghouse also called for bipartisan support to advance the digital asset market structure bill, which is currently stalled in the Senate, suggesting a collaborative approach to drive progress. He further urged the administration to clarify Ethereumâs regulatory status, aligning it with the recognition of BTC and XRP as non-securities.
Stuart Alderoty took a more diplomatic stance, expressing gratitude towards both campaigns and congratulating Trump on his victory. He noted a prior meeting between Trump and Ripple representatives in San Francisco during the summer, underscoring the president-electâs prior interest in cryptocurrency policy.
Alderoty urged the incoming administration to move away from theâregulation-by-enforcementâ strategy that has been criticized within the industry and work towards establishing the U.S. as the global leader in crypto regulation.
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