- Ripple CEO Brad Garlinghouse congratulated Trump on his second election win and urged him to fire SEC Chair Gary Gensler.
- Garlinghouse recommended appointing Chris Giancarlo, Brian Brooks, or Dan Gallagher as Gensler’s replacement to rebuild the SEC’s reputation.
- He also suggested hosting a bipartisan dinner to support the Digital Asset Market Structure Bill and called for clarity on Ethereum’s classification.
Ripple CEO Brad Garlinghouse just commented on the result of the 2024 United States election. Only a couple of hours after Donald Trump was announced the winner – Garlinghouse went on Twitter to congratulate the President-elect.
Unlike most personalities of the cryptocurrency world who openly supported Trump – Garlinghouse chose to remain impartial to the dispute of Democrats vs Republicans. Meanwhile, one of his company’s founders – Chris Larsen – donated $10 million dollars to Kamala Harris campaign.
Garlinghouse had previously spoken on how picking a side would be fruitless for his goal of driving cryptocurrency utility and adoption forward, even mentioning that he was optimistic about the future of the industry regardless of the election winner.
Garlinghouse Demands Gensler to Be Fired
On Twitter, the Ripple CEO congratulated Trump on his second election win. However, Garlinghouse was quick to add requests to what he believes would be the right approach to the cryptocurrency market moving forward.
The post said that Trump should fire the SEC Chair Gary Gensler on day one after taking office. He recommends that Trump appoint Chris Giancarlo, Brian Brooks, or Dan Gallagher as Gensler’s replacement. Garlinghouse believes that these individuals would be massive upgrades in rebuilding the rule of law and reputation at the SEC.
Garlinghouse also suggested that Trump host a bipartisan dinner to build support for the Digital Asset Market Structure Bill in the Senate. This bill aims to establish clear regulatory frameworks for digital assets, which Garlinghouse believes is crucial for the growth and stability of the cryptocurrency market. Additionally, he called for clarity on the classification of Ethereum, similar to the clarity provided for Bitcoin and XRP.
