Ripple CEO Brad Garlinghouse didn’t hold back in a recent tweet to President Donald Trump, offering a mix of humor and pointed suggestions for Trump's first 100 days in office. Amidst the ongoing Ripple vs. SEC saga, Garlinghouse seized the moment to voice his frustrations with the regulatory landscape, specifically targeting SEC Chair Gary Gensler.
Key Takeaways from Garlinghouse’s Tweet:
1. Fire Gary Gensler on Day 1: Garlinghouse suggests that Trump should replace Gensler without delay. He humorously recommends three pro-crypto names for the role—Chris Giancarlo, Brian Brooks, or Dan Gallagher—arguing that each would bring a balanced perspective and help repair the SEC's standing in the industry.
2. Push for the Digital Asset Market Structure Bill: Garlinghouse encouraged Trump to host a bipartisan dinner, urging both Republicans and Democrats to collaborate on this crucial piece of legislation. According to him, this bill could set a clear direction for digital asset regulation, providing much-needed investor protection and market stability.
3. Clarity on Ethereum’s Regulatory Status: In a subtle jab at the SEC, Garlinghouse also called for clarity on Ethereum’s status, seeking a similar ruling to what $XRP and Bitcoin may eventually receive. "Can we get some clarity that $ETH is not a security, right?!" he asked, pointing to the ongoing need for regulatory consistency.
Ripple CEO’s Stance Resonates with the Community
Garlinghouse’s bold message quickly resonated with the crypto community, many applauding his firm stance on the need for regulatory change. Ripple remains embroiled in a legal battle with the SEC, and Garlinghouse's tweet reflects the frustrations shared by crypto leaders who desire clearer guidelines for the industry’s future in the U.S.
Final Thoughts
Through a lighthearted yet sharp critique, Garlinghouse underscored the pressing need for regulatory reform, calling on the newly elected President Trump to prioritize the evolution of digital asset laws. His tweet may be playful, but the message is clear: it's time for a regulatory overhaul that could foster innovation and protect investors in the rapidly growing crypto market.
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