Ripple executives Brad Garlinghouse and Stuart Alderoty voiced their support for Paul Atkins as the next U.S. Securities and Exchange Commission chair.
Their optimism centers on Atkins’ reputation as a pro-innovation advocate, signaling what they believe could be a major shift in the SEC’s approach to cryptocurrency regulation.
Alderoty praised the prospect of a leadership trio of Atkins, Hester Peirce, and Mark Uyeda, stating they would bring “common sense” and “true investor protection” back to the agency. Similarly, Garlinghouse described Atkins as “an outstanding choice,” emphasizing his potential to “end the prohibition era on crypto” and champion economic growth and innovation.
An outstanding choice – Paul Atkins at the helm of the SEC will bring common sense back to the agency. Along with Hester Peirce and Mark Uyeda, it’s time to swiftly and definitively end the prohibition era on crypto, restoring freedom of choice, economic growth, and innovation. https://t.co/w8Rqrnubyj
— Brad Garlinghouse (@bgarlinghouse) December 4, 2024
Paul Atkins, a former SEC commissioner, is known for his market-driven approach and advocacy for reducing regulatory burdens. His nomination follows President-elect Donald Trump’s crypto-friendly campaign, which promised regulatory clarity and support for blockchain technology.
Under Trump’s administration, Atkins could represent a significant departure from outgoing SEC Chair Gary Gensler’s enforcement-heavy stance, which drew criticism for stifling industry growth and innovation.
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XRP surge
These comments come as Ripple (XRP) has experienced a notable surge, recently climbing to around $2.90, with speculation that it could reach $3 soon.
This increase is driven by multiple factors, including the anticipated launch of Ripple’s RLUSD stablecoin and growing optimism about regulatory clarity in the U.S. following recent political developments.
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