Following Donald Trump’s victory in the presidential election, Ripple executives Brad Garlinghouse (CEO) and Stuart Alderoty (CLO) issued statements urging the new administration to prioritize cryptocurrency regulation reform.
Garlinghouse offered a pointed “first 100-day checklist” for the incoming president, beginning with the immediate dismissal of current SEC Chair Gary Gensler. He suggested replacing Gensler with figures like Giancarlo (presumably referring to former CFTC Chairman Chris Giancarlo), Brooks (likely former OCC Comptroller Brian Brooks), or Gallagher (possibly former CFTC Commissioner Dan Gallagher), citing them as “massive upgrades in rebuilding the rule of law (and reputation) at the SEC.”
The Ripple CEO also urged bipartisan cooperation on the digital asset market structure bill currently stalled in the Senate, suggesting a “family dinner” to facilitate progress. Finally, echoing a persistent concern within the crypto community, Garlinghouse called for regulatory clarity on Ethereum’s status, asking for confirmation that ETH, like XRP and BTC, is not a security.
Alderoty struck a more conciliatory tone, thanking both campaigns for their efforts and congratulating Trump on his win. He referenced a prior meeting between Trump and Ripple representatives in San Francisco during the summer, highlighting the then-candidate’s engagement with crypto policy. Alderoty urged the new administration to swiftly abandon the “regulation-by-enforcement” approach, which has been a source of contention within the industry, and to work towards establishing the U.S. as the “crypto capital of the world.”
