Ripple's chief legal officer, Stuart Alderoty, emphasized the need for President Donald Trump to support the cryptocurrency sector.
Trump’s Approach to the Crypto Sector
Alderoty called on Trump to abandon restrictive regulations that threaten the development of the crypto industry in the US. He focused particularly on the Securities and Exchange Commission's (SEC) stance, which is seen as a barrier to the country's leading role in the crypto market.
Brad Garlinghouse’s Plan for Trump
Garlinghouse proposed a checklist for Trump's first 100 days in office, which included the removal of SEC Chairman Gary Gensler and the appointment of more crypto-friendly candidates like Christopher Giancarlo or Dan Gallagher.
Ripple's Political Influence and Prospects
Ripple leaders show their commitment to their candidates 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. Support from crypto firms for Trump could signal potential changes in regulations and global crypto markets.
Support for the cryptocurrency industry by Trump could lead to significant shifts in global markets.
