Ripple Executives Endorse Paul Atkins as Next SEC Chair

Ripple executives Brad Garlinghouse and Stuart Alderoty have expressed their support for Paul Atkins as the next U.S. Securities and Exchange Commission (SEC) chair. Their optimism stems from Atkins’ reputation as a pro-innovation advocate, which could signal a significant shift in the SEC’s approach to cryptocurrency regulation.

A Pro-Innovation Advocate

Alderoty praised the prospect of a leadership trio consisting of Atkins, Hester Peirce, and Mark Uyeda, stating they would bring “common sense” and “true investor protection” back to the agency. 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.

A Market-Driven Approach

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.

A Shift in SEC Stance

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.

XRP Surge

These comments come as Ripple’s 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.

Tips for investors:

  • Keep a close eye on regulatory developments in the U.S. and their potential impact on the cryptocurrency market.
  • Consider the potential benefits of a pro-innovation approach to cryptocurrency regulation.
  • Stay informed about market trends and speculation surrounding XRP and other cryptocurrencies.

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