Trump Onboards Crypto Leaders, But Ripple Raises Concerns

Crypto News by Profitempire.

Trump Onboards Crypto Leaders, But Ripple Raises Concerns

Just recently, President-elect Donald Trump appointed several individuals with connections to the cryptocurrency industry to take on roles in his administration. The new appointees include Elon Musk and Vivek Ramaswamy, who will lead the Department of Government Efficiency, and Howard Lutnick, CEO of Cantor Fitzgerald, as co-chief of his transition team.

Coinbase CEO Brian Armstrong to Meet with Donald Trump on Crypto Policy

Focusing on the regulatory frame, Brian Armstrong, CEO of Coinbase, is scheduled to meet with President-elect Donald Trump as part of ongoing discussions surrounding the incoming administration’s main appointments as noted by Amit via his X account. The meeting, which is anticipated to focus on roles related to cryptocurrency and financial regulation.

https://twitter.com/amitisinvesting/status/1858609037644099800

Armstrong, who has not contributed to Trump’s 2024 campaign or related political committees, previously indicated Coinbase’s willingness to collaborate with the Trump administration. The discussion is reportedly linked to Trump’s proposal to establish a Bitcoin and Crypto Presidential Advisory Council within his first 100 days in office, with potential input from Senator Cynthia Lummis on a national Bitcoin reserve.

Crypto Advocates Feature Prominently in Trump’s Cabinet Selections

President-elect Donald Trump’s early cabinet picks include several figures with strong ties to the cryptocurrency sector. Among them are Robert F. Kennedy Jr., nominated as Secretary of Health and Human Services, and Elon Musk and Vivek Ramaswamy, tapped to lead a proposed Department of Government Efficiency(DOGE). All three have publicly expressed support for blockchain and digital assets

Additionally, Howard Lutnick, CEO of Cantor Fitzgerald and a known Bitcoin proponent, is reportedly under consideration for the position of Treasury Secretary. Lutnick’s firm has handled custody services for Tether and highlighted reserves in U.S. Treasuries, Bitcoin, and gold.

Trump’s Plans for SEC Leadership Signal Potential Shift in Crypto Regulation

The leadership of the Securities and Exchange Commission (SEC) is expected to undergo significant changes under President-elect Donald Trump, who has pledged to replace current Chair Gary Gensler on his first day in office. The cryptocurrency sector has criticized Gensler for his enforcement-heavy regulatory approach.

Coibase CEO Brian Armstrong’s upcoming meeting with Trump reflects the administration’s focus on crafting new policies for digital assets. Additionally, Ripple CEO Brad Garlinghouse and Cardano CEO Charles Hoskinson have reportedly engaged with Trump’s transition team, indicating active discussions with crypto leaders about future regulatory and leadership strategies.

Ripple CEO Raises Concerns Over SEC Candidate Bob Stebbins

Upon his appointment, many have faced criticism with Ripple CEO doubting the perfomance of the SEC candidate in leading the crypto industry that has seen struggles under various leaders. The cryptocurrency industry has recently been in discussion about Bob Stebbins, a former General Counsel for the U.S. Securities and Exchange Commission (SEC), and his potential candidacy for a prominent regulatory role.

Stebbins has drawn criticism from crypto leaders for his past regulatory decisions, which many in the industry argue were detrimental to fostering fairness and innovation. The debate has intensified as Ripple CEO Brad Garlinghouse openly challenged Stebbins’ suitability for any future role within the SEC.

Bob Stebbins’ tenure at the SEC remains a point of contention within the cryptocurrency community, particularly regarding his perceived involvement in drafting the controversial 2018 Ethereum speech. The speech, which classified Ethereum as a non-security, has been criticized by leaders in the industry for allegedly favoring one cryptocurrency while sidelining others.

Garlinghouse’s Public Opposition

Ripple CEO Brad Garlinghouse has taken a firm stance against Stebbins’ potential appointment via his official X account. In a series of social media statements, Garlinghouse described the prospect of Stebbins’ candidacy as “unconscionable,” pointing to what he sees as regulatory inconsistencies under the SEC’s oversight. Garlinghouse specifically highlighted the Ethereum decision as an example of why a new approach to crypto regulation is necessary.

https://twitter.com/bgarlinghouse/status/1858669647953883282

He has emphasized the need for leaders prioritizing clarity and consistency in the regulatory framework. According to Garlinghouse, such leadership is crucial to address what he describes as a history of enforcement-heavy measures that have created uncertainty in the crypto market.

This criticism emerges as the SEC faces potential leadership changes, with current Chair Gary Gensler reportedly considering stepping down. The crypto industry is closely watching to see if the next SEC leader will adopt a more equitable approach to regulation. Advocates like Garlinghouse have repeatedly called for reform, seeking leadership that focuses on providing clear guidelines instead of pursuing aggressive enforcement actions.

Ripple Officials Voice Concerns Over SEC Candidate Bob Stebbins

Ripple executives and legal experts are raising significant concerns over the possible appointment of Bob Stebbins, former General Counsel of the U.S. Securities and Exchange Commission (SEC), to a critical regulatory role.

Stebbins has been criticized for his past involvement in SEC actions that some argue lacked transparency and fairness, including his alleged ties to decisions that shaped the commission’s enforcement approach toward digital assets. These developments have sparked renewed calls for regulatory reform as the cryptocurrency industry navigates ongoing challenges with U.S. oversight.

Stuart Alderoty Challenges Stebbins’ Track Record

Ripple’s Chief Legal Officer Stuart Alderoty has publicly expressed reservations regarding Stebbins’ candidacy. Alderoty pointed to Stebbins’ association with former SEC Chair Jay Clayton, who initiated the high-profile lawsuit against Ripple in December 2020. According to Alderoty, Stebbins’ history within the SEC raises questions about his ability to lead with the transparency and balance that the digital asset industry seeks.

Alderoty also criticized current SEC Chair Gary Gensler, accusing him of defending enforcement policies initiated during Clayton’s tenure. Ripple’s legal team has long argued that such measures have created uncertainty and hampered innovation in the U.S. cryptocurrency sector.

Pro-XRP Attorney Adds to Criticism

John Deaton, an attorney representing cryptocurrency advocates, joined the chorus of dissent, labeling Stebbins as “Clayton 2.0.” Deaton warned that appointing Stebbins could signal a continuation of what some view as the SEC’s aggressive stance toward digital assets. He noted that Stebbins is the mastermind behind the signing off on every crypto enforcement action.

He further suggested that this approach risks pushing U.S.-based crypto companies to seek more favorable regulatory environments abroad. Deaton also revealed his preferred candidate for the next SEC Chair: Brandi Bondi. He has argued that Bondi’s leadership could bring the regulatory clarity and balance the crypto community has advocated for.

Visited 6 times, 1 visit(s) today

34 Comments

  1. wrodets November 20, 2024at1:42 pm

    It is known as a nonbenzodiazepine hypnotic buy priligy australia But it is strange because it only happens on the weekends

    Reply
  2. wrodets November 20, 2024at2:31 pm

    Finally, a total of 28 studies randomizing 3228 patients were included in the analysis Fig 1 15 17, 22, 35 57 buy generic priligy Hollis QIpscaNwzvO 6 27 2022

    Reply
  3. wrodets November 20, 2024at5:58 pm

    I m usually around day 14 15 so we ll see if that changes this time buy priligy

    Reply
  4. wrodets November 21, 2024at12:17 am

    Serious Use Alternative 1 nefazodone will increase the level or effect of mobocertinib by affecting hepatic intestinal enzyme CYP3A4 metabolism priligy alternative

    Reply
  5. wrodets November 21, 2024at12:42 am

    [url=https://fastpriligy.top/]free samples of priligy[/url] Anyone have success with Clomid IUI and these types of numbers

    Reply
  6. wrodets November 21, 2024at2:55 am

    The town leadership says its closer to 800 because of seasonal farm workers but the census didn t bother or care to count them dapoxetine priligy uk t nothing to talk about

    Reply
  7. wrodets November 21, 2024at1:35 pm

    We researched herbs natural compounds with properties against the SARS coronavirus CoV best site to buy priligy canada There was no evidence of a difference in improvement of CAL at short term chronic and aggressive periodontitis and intermediate term aggressive periodontitis follow ups for either group MD 0

    Reply
  8. wrodets November 21, 2024at4:33 pm

    priligy and viagra Scintigraphy shows the diminished renal function and cortical retention on 99mTc MAG3 scintigraphy

    Reply
  9. wrodets November 21, 2024at8:19 pm

    priligy Hi kt, Yeah some sheep can be right knuckleheads alright, but their temperaments and such can be so different too

    Reply
  10. Terzimkeos November 22, 2024at12:52 am

    Сломался бойлер, и ремонт обошелся бы в 20 тысяч рублей. Ждать зарплаты не мог, а кредит брать — не вариант. На форуме кто-то упомянул Telegram-канал Займы без отказа на карту. Зашел, посмотрел — удобная подборка МФО с описанием всех условий. Выбрал компанию с выгодным предложением: первый займ до 30 тысяч рублей без процентов. Подал заявку и буквально через 15 минут получил деньги на карту. Отремонтировал бойлер, а долг вернул через две недели без переплат.

    Reply
  11. wrodets November 22, 2024at1:40 am

    priligy review members Since the diagnosis of PABC is predicted to increase, we will focus our discussion of premenopausal breast cancers on PABC in this review

    Reply
  12. wrodets November 22, 2024at8:14 am

    Protective effect of melatonin in carrageenan induced acute local inflammation priligy alternative COM left and SUM225 right, control and BCL9 KD MIND xenografts at 10 and 14 weeks post intraductal injection, respectively

    Reply
  13. Oreshagaino November 22, 2024at10:34 am

    Каталог запчасти для погрузчиков на forkpart.ru — это огромный выбор деталей для ремонта и обслуживания. Мы предлагаем оригинальные комплектующие и качественные аналоги для самых популярных моделей. Удобный поиск на сайте позволяет быстро находить нужные товары. Заходите и убедитесь, что у нас есть всё для вашей техники!

    Reply
  14. wrodets November 22, 2024at11:47 am

    Edward Charles Dodds, C what is priligy tablets If they do not need to take action at this moment, someone will come to clean up Zhao Ling

    Reply
  15. Robertmus November 24, 2024at11:16 am

    Популярные колыбельные песни на колыбельные-песни.рф

    Советуем Вам и Вашему ребёнку уйти с головой в мир гармонии, расслабления и волшебных снов вместе с нашими музыкальными композициями. На веб ресурсе колыбельные-песни.рф собраны самые великолепные колыбельные, которые только могут быть. Заходите на сайт и погружайтесь в эту фантастическую атмосферу.

    По теме [url=https://xn—-9sbmabsiicuddu3a5lep.xn--p1ai/]колыбельные для малышей для быстрого засыпания успокаивающая слушать[/url] Вы на правильном пути. Колыбельные — это стартовая музыка, которую слышит Ваш малыш, поэтому она должна быть спокойная и расслабляющая, чтобы сон был максимально сладким. А после окончания сна, чтобы просыпание было бодрым и озорным.

    Мы собрали огромный подбор колыбельных: от старых до современных, аудиосказки, классическая музыка, именно для девочки, мужским голосом, советские колыбельные, по виду музыкального инструмента и многие другие. Также заходите в наш топ 10 самых лучших колыбельных, которые выбирают наши маленькие посетители и их мамы и папы.

    Чтобы найти, где [url=https://xn—-9sbmabsiicuddu3a5lep.xn--p1ai/kolybelnye/podborki/tolko-muzyka]колыбельная для малышей без слов[/url] заходите на данный сайт колыбельные-песни.рф прямо сейчас. Мы постоянно добавляем новые композиции на сайт, обновляя плей папки. Также попробуйте прослушать колыбельные природы, православные колыбельные, только голоса без музыки и наоборот. И, естественно, бестселлер – “Колыбельная медведицы”, известная и любимая композиция всех родителей и их детишек.

    Reply
  16. AdultGallery November 28, 2024at3:44 pm

    Free [url=https://cuminporn.com/4k+nude+wallpaper]4k nude wallpapers[/url] and adult images

    Reply
  17. CoreyReeda December 10, 2024at6:18 am

    impotence treatment [url=http://drugs1st.pro/#]drugs1st[/url] pills for ed

    Reply

Leave A Comment

Your email address will not be published. Required fields are marked *