🌟 There's interesting news from Ripple! Stuart Alderoty, Ripple's chief legal officer, is pushing Donald Trump to support the development of cryptocurrency in America. 🇺🇸 He said that in order for the US to become the world's crypto center, Trump must create better regulations for the industry. 💼
Alderoty also emphasized that the current strict regulations from the SEC are hampering that potential. 🔒 Well, Ripple CEO Brad Garlinghouse has even made a checklist for Trump's first 100 days, including proposing that Gary Gensler be removed from his position. 🛑
Garlinghouse also wants clarity on Ethereum's status as a non-securities, similar to Bitcoin and XRP. 📊 Several Ripple leaders have shown their political support, with Alderoty donating $300,000 to Trump's campaign and co-founder Chris Larsen donating up to $11 million to Kamala Harris. 💰
Many in the crypto community are disappointed with Gensler’s anti-crypto stance and hope he’s removed. 😤 Galaxy’s Mike Novogratz has also suggested Hester Peirce as a more crypto-friendly candidate to replace him. 🌈
If a change in SEC leadership happens, we could see a faster legal process for XRP and other crypto companies. 🔄 So, all eyes are on Trump and how his moves could change crypto regulation in the US! 👀🚀
