Ripple CEO Brad Garlinghouse supports Senator JD Vance’s critique of SEC’s crypto regulations.
JD Vance, now Trump’s VP pick, sees blockchain as crucial to challenging Big Tech’s dominance.
Garlinghouse and Vance advocate for a tech-friendly regulatory environment to boost innovation.
Ripple CEO Brad Garlinghouse has voiced strong support for Ohio Senator JD Vance’s criticism of SEC Chairman Gary Gensler’s approach to regulating cryptocurrencies. His perspective comes amid increasing political and regulatory debates on how best to govern the burgeoning crypto sector.
On February 27, 2024, Bill Hughes posted a video where Senator JD Vance criticized Gary Gensler’s regulation of securities. Vance argued that Gensler’s methods are overly political and counterproductive. He accused Gensler of targeting useful tokens while neglecting those without specific utility. Vance sees blockchain technology as a tool to challenge Big Tech’s dominance, particularly social media giants. Though not an unwavering crypto advocate, Vance believes Gensler’s actions create regulatory barriers that protect current incumbents.
This is what more elected officials should be doing – looking at technology as a way to extend American exceptionalism, rather than actively enable an unelected official to do the opposite
— Brad Garlinghouse (@bgarlinghouse) July 15, 2024
Garlinghouse recently responded to this post, endorsing Vance’s views. He emphasized that elected officials should harness technology to maintain American exceptionalism. This aligns with Garlinghouse’s broader vision of a regulatory environment that fosters innovation rather than stifles it.
Adding to the political intrigue, former President Donald Trump announced on July 15, 2024, that JD Vance would be his vice-presidential running mate. This nomination could signal a more crypto-friendly approach in a potential Trump administration. Vance’s known stance on blockchain and regulation might influence future policies if elected. His nomination aligns with a broader strategy to appeal to tech-savvy and crypto-enthusiastic voters.
The interplay between Garlinghouse’s endorsement, Vance’s criticism of Gensler, and Vance’s VP nomination points to a significant political alignment. This alignment favors less restrictive crypto regulation. They oppose Gensler’s current approach, which they see as protective of existing tech incumbents.
The alignment of influential figures like Garlinghouse and Vance signals a concerted effort to promote a pro-technology agenda in U.S. politics.
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