Outside Source
Brad Garlinghouse, CEO of Ripple, has outlined what he believes should be part of President Donald Trump’s first 100-day agenda for crypto.
Trump’s victory in the 2024 U.S. election has offered not just a pro-crypto president, but also the most pro-crypto lawmakers in the House and Senate. With crypto in celebratory mood as Bitcoin (BTC) leads prices higher, the overall sentiment is that this is only the beginning of what’s bullish for the industry.
However, among the top priorities for the sector is the push for regulatory clarity. In his congratulatory message to Trump, Ripple CEO Brad Garlinghouse outlined what he sees as a few of the things the president can do in his first 100 days to get the ball rolling.
Fire Gensler
At the top of the list is fulfilling one of Trump’s campaign pledges: firing U.S. Securities and Exchange Commission Chair Gary Gensler on “day one.” Garlinghouse suggests replacing Gensler with a more crypto-friendly candidate, naming Dan Gallagher (chief legal officer of Robinhood), Christopher Giancarlo (former head of the Commodity Futures Trading Commission), and Brian Brooks (former acting comptroller of the currency) as potential successors.
“They’d be massive upgrades in rebuilding the rule of law (and reputation) at the SEC,” the Ripple CEO posted on X.
In his victory speech following Tuesday’s election, Trump expressed his commitment to uniting the nation and driving change.
On his ‘first 100-day’ checklist Garlinghouse wishes to see the president getting Republicans and Democrats together to “move the digital asset market structure bill forward in the Senate.”
Notably, the U.S. House of Representatives passed the bill in May 2024.
The final item on Garlinghouse’s list pertains to Ethereum (ETH). Ripple’s legal battle with the SEC, from December 2020 to July 2023, challenged allegations that XRP (XRP) was a security, ultimately resulting in a favorable court ruling. While the SEC approved spot Ethereum exchange-traded funds in May, Garlinghouse couldn’t resist a pointed comment aimed at the regulator.
“And last but not least, can we get some clarity…..similar to XRP and BTC, that ETH is not security, right?!” he wrote.
This article first appeared at crypto.news
