Ripple CEO Urges Trump to Dismiss Gensler on First Day for Clear Ethereum Regulation Similar to XRP

Brad Garlinghouse, CEO of Ripple, has proposed a set of cryptocurrency-friendly initiatives for President-elect Donald Trump to prioritize during his initial 100 days in office. Garlinghouse believes that the new administration has a crucial opportunity to embrace and foster innovation within the digital asset space. One of the key recommendations put forth by Garlinghouse is the establishment of a clear regulatory framework for cryptocurrencies. He emphasizes the importance of providing regulatory clarity to encourage responsible innovation and investment in the industry.

In addition to regulatory clarity, Garlinghouse advocates for the advancement of a digital dollar. He suggests that the United States should take a proactive stance in exploring the development of a central bank digital currency (CBDC) to maintain its competitive edge in the global financial landscape. By embracing the potential of a digital dollar, the U.S. can enhance financial inclusion, streamline cross-border transactions, and bolster its position in the digital economy.

Furthermore, Garlinghouse highlights the significance of promoting technological innovation in the cryptocurrency sector. He underscores the need for policies that support research and development in blockchain technology, which has the potential to revolutionize various industries beyond finance. By fostering innovation in blockchain, the U.S. can position itself as a leader in emerging technologies and drive economic growth in the digital era.

Garlinghouse also emphasizes the importance of addressing environmental concerns related to cryptocurrency mining. He encourages the adoption of sustainable practices and energy-efficient solutions within the industry to mitigate the environmental impact of blockchain operations. By prioritizing sustainability, the cryptocurrency sector can align with broader efforts to combat climate change and promote eco-friendly practices.

Overall, Garlinghouse’s recommendations underscore the transformative potential of cryptocurrencies and blockchain technology. By implementing crypto-friendly policies, the U.S. can harness the benefits of digital assets while addressing regulatory challenges and environmental considerations. As the new administration prepares to take office, Garlinghouse’s insights provide valuable guidance on navigating the evolving landscape of cryptocurrency regulation and innovation.