Ripple CEO Brad Garlinghouse has publicly urged newly elected President Donald Trump to dismiss SEC Chair Gary Gensler immediately upon taking office. In a tweet directed at Trump, Garlinghouse outlined a series of actions for Trump’s first 100 days, emphasizing the need for swift changes at the Securities and Exchange Commission (SEC).
Garlinghouse’s tweet began with a congratulatory note to Trump, followed by a pointed checklist aimed at revitalizing the SEC and advancing the digital asset market.
The first item on his list was the immediate firing of Gensler, whom he suggested replacing with one of three potential candidates: Christopher Giancarlo, Brian Brooks, or Daniel Gallagher. According to Garlinghouse, any of these individuals would significantly improve the SEC’s rule of law and reputation.
The Ripple CEO also sought clarity on the regulatory status of Ethereum (ETH), similar to the clarity already provided for XRP and Bitcoin (BTC). He questioned whether ETH should be classified as a security, a topic that has been a point of contention within the crypto community.
This public appeal from a prominent figure in the cryptocurrency industry shows the ongoing tensions between the SEC and digital asset companies. Garlinghouse’s call for immediate action reflects the broader industry’s desire for regulatory clarity and a more supportive environment for innovation and growth.
