President Trump

<p class="is-style-lead">Ripple executives Brad Garlinghouse and Stuart Alderoty voiced their support for Paul Atkins as the next U.S. Securities and Exchange Commission chair.&nbsp;</p>
<p>Their optimism centers on <a href="https://crypto.news/president-trump-confirms-paul-atkins-as-top-pick-for-sec-chair/" target="_blank" rel="noopener noreferrer nofollow">Atkins’ reputation</a> as a pro-innovation advocate, signaling what they believe could be a major shift in the <a href="https://crypto.news/tag/sec/" target="_blank" rel="noopener noreferrer nofollow">SEC’s</a> approach to cryptocurrency regulation.</p>
<p>Alderoty praised the prospect of a leadership trio of Atkins, <a href="https://crypto.news/hester-peirce-proposes-for-cross-border-digital-securities-sandbox/" target="_blank" rel="noopener noreferrer nofollow">Hester Peirce</a>, and <a href="https://crypto.news/uyeda-secs-crypto-approach-a-disaster-for-the-whole-industry/" target="_blank" rel="noopener noreferrer nofollow">Mark Uyeda</a>, stating they would bring “common sense” and “true investor protection” back to the agency.&nbsp;Similarly, Garlinghouse described Atkins as “an outstanding choice,” emphasizing his potential to “end the prohibition era on crypto” and champion economic growth and innovation.</p>
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   <p lang="en" dir="ltr">An outstanding choice – Paul Atkins at the helm of the SEC will bring common sense back to the agency. Along with Hester Peirce and Mark Uyeda, it’s time to swiftly and definitively end the prohibition era on crypto, restoring freedom of choice, economic growth, and innovation. <a rel="noopener noreferrer nofollow" href="https://t.co/w8Rqrnubyj" target="_blank">https://t.co/w8Rqrnubyj</a></p>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1864397037183111429?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
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<p>Paul Atkins, a former SEC commissioner, is known for his market-driven approach and advocacy for reducing regulatory burdens. His nomination follows President-elect <a href="https://crypto.news/trumps-crypto-embrace-is-winning-him-votes-poll-shows/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump’s crypto-friendly campaign</a>, which promised regulatory clarity and support for blockchain technology.</p>
<p>Under Trump’s administration, Atkins could represent a significant departure from outgoing SEC Chair <a href="https://crypto.news/tag/gary-gensler/" target="_blank" rel="noopener noreferrer nofollow">Gary Gensler’s</a> enforcement-heavy stance, which drew criticism for stifling industry growth and innovation.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/xrp-stellar-investors-eye-new-defi-token-poised-for-25x-growth-by-new-year/"> XRP, Stellar investors eye new DeFi token poised for 25x growth by new year </a></p>
<h2 class="wp-block-heading" id="xrp-surge">XRP surge</h2>
<p>These comments come as Ripple (<a href="https://crypto.news/price/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a>) has experienced a notable surge, recently climbing to around $2.90, with <a href="https://crypto.news/what-is-next-for-xrp-price-as-hoskinson-supports-ripple-rlusd/" target="_blank" rel="noopener noreferrer nofollow">speculation</a> that it could reach $3 soon.&nbsp;</p>
<p>This increase is driven by multiple factors, including the anticipated launch of Ripple’s <a href="https://crypto.news/ripple-rolls-out-rlusd-stablecoin-on-uphold-bitstamp-and-bullish/" target="_blank" rel="noopener noreferrer nofollow">RLUSD stablecoin</a> and growing optimism about regulatory clarity in the U.S. following recent political developments.&nbsp;</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/president-trump-confirms-paul-atkins-as-top-pick-for-sec-chair/"> President Trump confirms Paul Atkins as top pick for SEC chair </a></p>

Ripple executives praise Trump’s pro-crypto SEC head pick

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