XRP Set To Gain Massively As Ripple CEO Brad Garlighouse Urges Trump to Overhaul SEC for Crypto Clarity ⋆ ZyCrypto
The post XRP Set To Gain Massively As Ripple CEO Brad Garlighouse Urges Trump to Overhaul SEC for Crypto Clarity ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     With the ink barely dry on the 2024 U.S. election results, Ripple CEO Brad Garlinghouse has wasted no time in laying out a bold agenda for President-elect Donald Trump’s first 100 days, aimed at reshaping crypto regulation. As Bitcoin and other digital assets rally in response to a pro-crypto White House, Garlinghouse’s message underscores a central industry demand: regulatory clarity. His provocative recommendations published on X (ex-Twitter) reignited the discussion about the development of the Securities and Exchange Commission (SEC) and the further evolution of the digital asset space. .@realDonaldTrump, Congratulations! Some fodder for your first 100-day checklist to get things moving:– Fire Gensler. Day 1, no delays.– In his place, appoint Giancarlo, Brooks, or Gallagher – they’d be massive upgrades in rebuilding the rule of law (and reputation) at the… — Brad Garlinghouse (@bgarlinghouse) November 6, 2024 Top Priority: Replace SEC Chair Gary Gensler Garlinghouse’s main recommendation? Fire SEC Chair Gary Gensler on “day one.” Known for his aggressive approach to crypto, Gensler’s tenure has drawn criticism from industry leaders who argue that his stance stifles innovation. Garlinghouse proposed three potential successors: Dan Gallagher of Robinhood, Christopher Giancarlo, former head of the Commodity Futures Trading Commission, and Brian Brooks, former acting Comptroller of the Currency. According to Garlinghouse, any candidates would better support a balanced regulatory approach, restoring the SEC’s reputation and realigning it with crypto-friendly policies. Advertisement   Advancing the Digital Asset Market Structure Bill Garlinghouse’s second request to Trump was to support the Digital Asset Market Structure bill. This particular law, which was approved by the House of Representatives in May 2024, has been expected to be one of the outstanding measures towards creating the first set of rules to shape digital assets. The bill can actually shift toward a clearer regulation of cryptocurrencies…
Filed under: News - @ November 10, 2024 6:27 pm