Ripple CEO Hails Trump SEC Nominee Paul Atkins as ‘Outstanding’

Brad Garlinghouse, CEO of Ripple, expressed sturdy assist for President-elect Donald Trump’s nomination of Paul S. Atkins as the following Chairman of the US Securities and Trade Fee (SEC). In a submit on

Ripple CEO Responds to Trump’s SEC Chairman Alternative

“Atkins, on the helm of the SEC, will carry sanity again to the company,” wrote Ripple’s Garlinghouse. He added: “Along with Hester Peirce and Mark Uyeda, it’s time to rapidly and definitively finish the prohibition period on crypto, and restore freedom of selection, financial progress and innovation.”

Trump’s announcement of Atkins’ nomination on Fact Social was additionally broadly celebrated inside the cryptocurrency neighborhood. An advocate for cryptocurrencies and blockchain innovation, Atkins is understood for his balanced method to regulatory oversight. Trump emphasised Atkins’ management qualities and his imaginative and prescient for modernizing capital markets.

A superb selection – Paul Atkins, on the helm of the SEC, will carry sanity again to the company. Along with Hester Peirce and Mark Uyeda, it’s time to rapidly and definitively finish the prohibition period on crypto and restore freedom of selection, financial progress and innovation. https://t.co/w8Rqrnubyj

— Brad Garlinghouse (@bgarlinghouse) December 4, 2024

“I’m happy to announce the nomination of Paul Atkins as the following chairman of the Securities & Trade Fee,” Trump wrote. “Paul is a confirmed chief in common sense rules. He believes within the promise of sturdy, progressive capital markets that reply to investor wants and supply capital to make our economic system one of the best on the earth.”

Trump highlighted Atkins’ expertise as a former SEC commissioner from 2002 to 2008 and his present position as CEO and founding father of Patomak World Companions, a threat administration consultancy. Atkins additionally co-chaired the Digital Chamber’s Token Alliance, demonstrating his deep dedication to the digital asset sector.

SEC & Crypto Will Be Pals Quickly?

Atkins’ nomination is seen as a possible turning level for the SEC’s relationship with cryptocurrencies, an space the place the group has confronted criticism below outgoing management for its regulatory stance. Garlinghouse’s approval underlines optimism amongst trade leaders for a extra crypto-friendly SEC.

The nomination additionally displays Trump’s broader assist for digital asset innovation. “Paul acknowledges that digital property and different improvements are important to creating America higher than ever earlier than,” Trump added.

If confirmed, Atkins is anticipated to drive a regulatory framework that promotes innovation whereas defending traders, marking a major shift within the SEC’s method to cryptocurrencies. Furthermore, it may even imply reduction for Ripple within the attraction part of the SEC lawsuit.