Ripple Execs Praise Trump's Pick of Pro-Crypto SEC Chief

Ripple executives Brad Garlinghouse and Stuart Alderoty expressed their support for Paul Atkins as the next chairman of the US Securities and Exchange Commission.

Their optimism centers on Atkins' reputation as a champion of innovation, 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, saying they would bring “common sense” and “true investor protection” back to the agency. Similarly, Garlinghouse described Atkins as “an exceptional choice,” emphasizing his potential to “end the crypto ban era” and champion economic growth and innovation.

<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>

Paul Atkins, former SEC commissioner, is known for his market-driven approach and his advocacy for reducing regulatory burdens. His nomination follows President-elect Donald Trump's pro-cryptocurrency campaign, which promised regulatory clarity and support for blockchain technology.

Under the Trump administration, Atkins could represent a significant departure from outgoing SEC Chairman Gary Gensler's strong enforcement stance, which drew criticism for stifling industry growth and innovation.

XRP rise

These comments come as Ripple (XRP) has seen a notable surge, recently rising to around $2.90, with speculation that it could hit $3 soon.

This rise is driven by multiple factors, including the anticipated launch of Ripple's RLUSD stablecoin and growing optimism about regulatory clarity in the US following recent political events.