๐ 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. ๐บ๐ธ He said that in order for the US to become the world's crypto center, Trump must create better regulations for the industry. ๐ผ
Alderoty also emphasized that the current strict regulations from the SEC are hampering that potential. ๐ 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. ๐
Garlinghouse also wants clarity on Ethereum's status as a non-securities, similar to Bitcoin and XRP. ๐ 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. ๐ฐ
Many in the crypto community are disappointed with Genslerโs anti-crypto stance and hope heโs removed. ๐ค Galaxyโs Mike Novogratz has also suggested Hester Peirce as a more crypto-friendly candidate to replace him. ๐
If a change in SEC leadership happens, we could see a faster legal process for XRP and other crypto companies. ๐ So, all eyes are on Trump and how his moves could change crypto regulation in the US! ๐๐