Cryptocurrency

Donald Trump

President Donald Trump

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripples-legal-chief-urges-trump-to-support-cryptocurrency-development/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple’s Legal Chief Urges Trump to Support Cryptocurrency Development</a> 
Stuart Alderoty, the chief legal officer of Ripple , emphasized that for the United States to take a leading position in the <a href="https://en.coin-turk.com/turkish-altcoin-readies-for-expected-movement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> sector, new President Donald Trump must take necessary actions. Alderoty stated that if the Trump administration creates a more favorable regulatory environment for the <a href="https://en.coin-turk.com/key-events-in-september-2024-impact-the-cryptocurrency-sector/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> sector, America could become the global capital of cryptocurrency.
<h2 style="text-align: justify" id="trump-s-approach-to-the-crypto-sector">Trump’s Approach to the Crypto Sector</h2>
Alderoty called upon Trump to quickly abandon the restrictive regulations facing the crypto industry and to position the U.S. as the hub of the crypto world. He noted that the current regulatory climate, particularly the Securities and Exchange Commission’s (<a href="https://en.coin-turk.com/investors-react-to-latest-us-economic-data/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a>) tough stance on crypto firms, hinders the country’s potential to become the crypto capital.
Ripple CEO Brad Garlinghouse provided a checklist for the first 100 days of the Trump administration. He suggested that SEC Chairman Gary Gensler should be removed on his first day in office and proposed candidates like Christopher Giancarlo or Dan Gallagher from Robinhood to take his place.
<h2 style="text-align: justify" id="brad-garlinghouse-s-plan-for-trump">Brad Garlinghouse’s Plan for Trump</h2>
Garlinghouse further demanded progress on the digital asset market structure bill in the Washington Senate. He also called for clarity regarding Ethereum ‘s status as a non-security, similar to Bitcoin and XRP.
Ripple leaders showcase their political inclinations through donations. Alderoty contributed $300,000 to Trump’s campaign, while Ripple co-founder Chris Larsen donated up to $11 million to Kamala Harris’s campaign, which Ripple recently clarified was a personal stance.
The crypto community is dissatisfied with Gensler’s anti-crypto stance and supports his removal. Mike Novogratz, CEO of Galaxy, indicated that SEC-friendly Commissioner Hester Peirce might succeed Gensler.
Will the XRP case end with a change in SEC leadership? We might witness a new process where the appeals process doesn’t prolong, leading to settlements with the commission. An essential detail regarding lawsuits could be that crypto firms receiving Wells notices recently might avoid litigation under new management.
Ripple’s and other crypto firms’ support for Trump could signal a potential shift in U.S. crypto regulations, possibly leading to significant developments in global crypto markets.
The post <a href="https://en.coin-turk.com/ripples-legal-chief-urges-trump-to-support-cryptocurrency-development/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple’s Legal Chief Urges Trump to Support Cryptocurrency Development</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Ripple’s Legal Chief Urges Trump to Support Cryptocurrency Development

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