Ripple 
$0.535562 Stuart Alderoty, chief legal officer of the company, stated that the new president Donald Trump should take the necessary steps for the USA to become a pioneer in the field of crypto money. Alderoty stated that if the Trump administration provides a more favorable regulatory environment for the crypto industry, America can become the crypto capital of the world.
Trump’s Approach to the Crypto Industry
Alderoty asked Trump to quickly abandon restrictive regulations facing the crypto industry and make the US the center of the crypto world. He noted that the current regulatory environment, especially the harsh stance of the US Securities and Exchange Commission (SEC) towards crypto firms, prevents the country from becoming the crypto capital.
Ripple CEO Brad Garlinghouse offered a checklist for the first 100 days of the Trump administration. He stated that the first step should be to remove SEC Chairman Gary Gensler on his first day in office. Garlinghouse suggested replacing him with names like Christopher Giancarlo or Dan Gallagher, Robinhood’s chief legal officer.
“The US providing transparency in crypto regulations will grow the industry and increase investor confidence.” – Stuart Alderoty
Brad Garlinghouse’s Plan for Trump
Garlinghouse also requested advancement of the digital asset market structure bill in the Washington Senate. Ethereum 
$2,622Bitcoin in 
$73,968 and asked for clarification that it is not a security like XRP.
Ripple leaders also show their approach to politics through donations. Stuart Alderoty donated $300,000 to the Donald Trump campaign, and Ripple co-founder Chris Larsen donated up to $11 million to the Kamala Harris campaign. As a company, Ripple recently announced that the co-founder’s donation to Harris was his personal stance.
The crypto community is unhappy with Gensler’s anti-crypto stance and supports his removal. Galaxy CEO Mike Novogratz stated that SEC’s crypto-friendly commissioner Hester Peirce could replace Gensler.
So, will the XRP case end when the SEC chairman changes? We may see a new process in which the appeal process is not prolonged and an agreement is reached with the institution. The most important detail in terms of lawsuits may be that the crypto companies that have recently received Wells notifications will go back on track with the new management and the lawsuits will not be initiated.
Ripple’s and other crypto firms’ support for Trump could herald a potential shift in US crypto regulations. This could lead to significant developments in global crypto markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
