CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2024-12-04 20:46:08

Ripple executives praise Trump’s pro-crypto SEC head pick

Ripple executives Brad Garlinghouse and Stuart Alderoty voiced their support for Paul Atkins as the next U.S. Securities and Exchange Commission chair. Their optimism centers on Atkins’ reputation as a pro-innovation advocate, signaling what they believe could be a major shift in the SEC’s approach to cryptocurrency regulation. Alderoty praised the prospect of a leadership trio of Atkins, Hester Peirce , and Mark Uyeda , stating they would bring “common sense” and “true investor protection” back to the agency. Similarly, Garlinghouse described Atkins as “an outstanding choice,” emphasizing his potential to “end the prohibition era on crypto” and champion economic growth and innovation. An outstanding choice – Paul Atkins at the helm of the SEC will bring common sense back to the agency. Along with Hester Peirce and Mark Uyeda, it’s time to swiftly and definitively end the prohibition era on crypto, restoring freedom of choice, economic growth, and innovation. https://t.co/w8Rqrnubyj — Brad Garlinghouse (@bgarlinghouse) December 4, 2024 Paul Atkins, a former SEC commissioner, is known for his market-driven approach and advocacy for reducing regulatory burdens. His nomination follows President-elect Donald Trump’s crypto-friendly campaign , which promised regulatory clarity and support for blockchain technology. Under Trump’s administration, Atkins could represent a significant departure from outgoing SEC Chair Gary Gensler’s enforcement-heavy stance, which drew criticism for stifling industry growth and innovation. You might also like: XRP, Stellar investors eye new DeFi token poised for 25x growth by new year XRP surge These comments come as Ripple ( XRP ) has experienced a notable surge, recently climbing to around $2.90, with speculation that it could reach $3 soon. This increase is driven by multiple factors, including the anticipated launch of Ripple’s RLUSD stablecoin and growing optimism about regulatory clarity in the U.S. following recent political developments. You might also like: President Trump confirms Paul Atkins as top pick for SEC chair

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.