Ripple CEO Urges Trump to Dismiss Gensler Immediately and Provide Ethereum with Regulatory Certainty Similar to XRP

Brad Garlinghouse, CEO of Ripple, has detailed a series of cryptocurrency-friendly measures that he believes President-elect Donald Trump should prioritize during his initial 100 days in office. Garlinghouse emphasized the importance of regulatory clarity in the digital asset space, highlighting the need for consistent and clear guidelines to foster innovation and growth within the industry.

One of the key points raised by Garlinghouse is the necessity for a regulatory framework that distinguishes between various types of cryptocurrencies, recognizing them as distinct entities with unique characteristics and use cases. He underscored the significance of differentiating between digital assets like Bitcoin and Ethereum, which are decentralized, and others like Ripple, which are more centralized in nature.

Garlinghouse also called for a comprehensive approach to regulating digital assets, advocating for policies that promote innovation while safeguarding consumers and investors. He stressed the importance of striking a balance between fostering technological advancement and protecting individuals from potential risks associated with the rapidly evolving crypto landscape.

Moreover, Garlinghouse highlighted the need for regulatory clarity to attract institutional investors to the cryptocurrency market. He pointed out that institutional participation could bring increased liquidity and stability to the industry, further legitimizing digital assets as a viable investment option.

In addition to regulatory clarity, Garlinghouse underscored the importance of promoting financial inclusion through digital assets. He emphasized the role that cryptocurrencies can play in providing access to financial services for underserved populations around the world, potentially transforming the way people engage with money and participate in the global economy.

Overall, Garlinghouse’s recommendations underscore the significance of regulatory clarity, innovation, and financial inclusion in shaping the future of the cryptocurrency industry. As the digital asset space continues to evolve and expand, clear and consistent regulations will be essential to drive growth, foster innovation, and ensure the protection of consumers and investors in this dynamic and rapidly changing landscape.