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. He emphasized the need for swift changes at the Securities and Exchange Commission (SEC).
In the X post, Garlinghouse congratulated Trump on winning the November 5 U.S. presidential elections. He then provided a checklist aimed at revitalizing the SEC and advancing the digital asset market.
The first item on his list was the immediate firing of current SEC Chair Gary Gensler. He suggested replacing Gensler 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.
Ether should not be classified as a security
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.
Hester Peirce is fit to lead the SEC
Aside from Garlinghouse’s proposed candidates, speculation that Hester Peirce, AKA ‘Crypto Mom,’ could replace Gary Gensler under the Trump administration has saturated the crypto sphere.
According to the SEC website, Peirce was appointed as a Commissioner by Trump on January 11, 2018. The crypto community speculates she could be the perfect candidate to take up the role of SEC chair in the Trump government.
