Ripple CEO demands SEC boss Gary Gensler's resignation
SEC boss Gary Gensler's days seem numbered.
SEC boss Gary Gensler's days seem numbered. Following Trump's victory, Ripple CEO Brad Garlinghouse is calling for his resignation.
Following the Republicans' overwhelming victory in the U.S. election, the crypto industry's primary representatives want revenge. Ripple CEO Brad Garlinghouse is asking Trump to fire Democratic SEC boss Gary Gensler immediately upon taking office.
In a post on X, he congratulates Trump on his victory and makes "some suggestions for a 100-day checklist to get everything moving." At the top of his list: "Fire Gensler. Day 1, no delay."
That the CEO of Ripple Labs is demanding new leadership from the SEC does not come as a complete surprise. After all, the company behind the XRP token has been embroiled in a legal battle with the U.S. exchange watchdog for years.
About Gensler, he said in a recent interview, "The SEC is acting outside the law." Indeed, a U.S. federal judge has already definitively ruled that XRP is not a security.
Garlinghouse also gives Trump candidates for succession in the post-Gensler period: "Appoint Giancarlo, Brooks or Gallagher - they would make a huge contribution to restoring the rule of law (and reputation) of the SEC."
This is probably why Garlinghouse advises the 47th U.S. president, "Organize a family package and get the Republicans and Democrats to get the Digital Asset Market bill through the Senate." Regulatory clarity could boost the price of XRP and other altcoins.
