- Rippleโs CEO has called for SEC Chair Gensler’s removal after Trump’s win.
- Garlinghouse has pushed for bipartisan support for crypto legislation.
- Ripple has sought clarity to make the U.S. a global crypto leader.
The crypto community is buzzing after Donald Trump’s unexpected return to the White House. Amid the celebrations, Ripple CEO Brad Garlinghouse has stepped forward with a bold agenda that could reshape the industry’s future in the United States.
Garlinghouse isn’t holding back. He’s publicly urging President Trump to make decisive moves in his first 100 daysโstarting with firing SEC Chairman Gary Gensler. This audacious call highlights the mounting tensions between the crypto industry and U.S. regulators.
Ripple CEO Calls for Gensler’s Immediate Removal
“Fire Gensler. Day 1, no delays,” Garlinghouse declared in a recent post on X. His frustration stems from the SEC’s ongoing legal battle with Ripple, which began nearly four years ago when the agency accused Ripple of conducting unregistered securities sales through its XRP token.
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Under Gensler’s leadership, the SEC has intensified its scrutiny of crypto companies, leading to widespread criticism over regulatory ambiguity and aggressive enforcement. Garlinghouse believes new leadership is essential for rebuilding trust and fostering innovation in crypto.
He proposed potential replacements like Christopher Giancarlo, Brian Brooks, or Daniel Gallagherโfigures known for their more progressive views on digital assets. “Each of these individuals could play a critical role in rebuilding the rule of law and reputation at the SEC,” Garlinghouse noted.
Rippleโs Push for Bipartisan Legislation
Beyond personnel changes, Garlinghouse advocates for bipartisan cooperation to pass the Digital Asset Market Structure Bill, currently under Senate consideration. He envisions a “family dinner” between Republicans and Democrats to bridge gaps and accelerate the legislation process.
Regulatory clarity is paramount for the crypto industry’s growth. Garlinghouse’s push for clear guidelines, especially concerning classifying cryptocurrencies like Ethereum and XRP, reflects a broader demand for consistency. While Bitcoin has been largely exempt from being classified as a security, other cryptocurrencies remain in a gray area.
Garlinghouse’s proactive stance signals a desire to position the United States as a global leader in crypto innovation. He believes the U.S. can foster a more robust and dynamic crypto economy by addressing these regulatory hurdles.
On the Flipside
- President Trump’s actual commitment to these crypto-friendly policies remains uncertain.
- Firing Gensler doesn’t guarantee a swift resolution to Ripple’s legal challenges.
- New SEC leadership may still pose unforeseen obstacles for the crypto industry.
Why This Matters
Brad Garlinghouse’s bold proposals underscore a critical juncture for the U.S. crypto industry. With potential shifts in regulatory leadership and a push for clear legislation, the actions taken in the coming months could set a precedent that influences global crypto policies.
To learn more about the recent surge in Bitcoin’s price and how it is connected to the US election, read here:
Bitcoin Breaks $75K as Trumpโs Victory Sparks Crypto Frenzy
To learn more about Ripple’s decision to sell a large amount of XRP and the impact it has on the market, read here:
Rippleโs Largest XRP Sell-Off in 7 Years Shakes Market