Trump's Triumph May Usher in a New Era for Ripple and Cryptocurrency Regulation
by aria-crypto.com
November 6, 2024 at 19:42
Trump's Triumph May Usher in a New Era for Ripple and Cryptocurrency Regulation
Donald J. Trump's re-election as President could significantly transform the cryptocurrency landscape, particularly impacting the ongoing Ripple vs. SEC lawsuit. Trump has indicated plans to dismiss SEC Chair Gary Gensler, potentially favoring Ripple in its legal challenges. His victory, celebrated among crypto enthusiasts, pledges a more crypto-friendly U.S., which might lead to the approval of an XRP ETF. Ripple CEO Brad Garlinghouse suggested appointing crypto advocates like Christopher Giancarlo to replace Gensler, which could herald a pro-cryptocurrency SEC era. Meanwhile, candidates like Hester Peirce, known for her pro-crypto stance, are also being considered for SEC Chair, promising a shift towards more transparent and fair regulations. Garlinghouse emphasizes the importance of regulatory reforms that could stabilize digital asset guidelines, reflecting wider crypto community sentiments for clarity and innovation in policies.
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