In the aftermath of Donald Trump’s election victory, Ripple’s top executives have outlined their expectations for the incoming administration, emphasizing the need for regulatory clarity in the crypto industry. On November 6, Ripple CEO Brad Garlinghouse congratulated Trump via X and presented a “first 100-day checklist” aimed at overhauling the current regulatory framework.
Ripple Leadership Reacts To Trump Victory
Garlinghouse urged Trump to “fire Gensler” on day one, referring to SEC Chairman Gary Gensler, and to appoint successors like Christopher Giancarlo, Brian Brooks, or Daniel Gallagher, whom he believes would be “massive upgrades in rebuilding the rule of law and reputation at the SEC.”
He also encouraged Trump to facilitate bipartisan efforts to advance the digital asset market structure bill in the Senate. “Host a family dinner and get the Rs and Ds moving the digital asset market structure bill forward in the Senate,” Garlinghouse stated. Moreover, the Ripple CEO sought clarity on the classification of cryptocurrencies, asking, “Can we get some clarity… similar to XRP and BTC, that ETH is not security, right?!”
Ripple’s Chief Legal Officer, Stuart Alderoty, echoed similar sentiments. In his message to Trump, he emphasized the importance of moving swiftly to “end the regulation-by-enforcement approach we’ve endured in recent years” and to position the US as “the crypto capital of the world.”
Alderoty highlighted that Trump had taken the time to “listen to Ripple’s story.” He revealed: “Thank you to both campaigns for a hard-fought race and for invigorating the democratic process. Congratulations to Donald Trump! You took the time to listen to Ripple’s story when we met in SF this summer, and you prioritized crypto as a key policy issue.”
Political contributions from Ripple’s leadership reflect differing alignments within the company. As reported by Bitcoinist, Alderoty donated $300,000 in XRP to Donald Trump’s presidential campaign on June 11, 2024. This substantial contribution aligns with his attendance at a Trump fundra
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Author: Jake Simmons
