Ripple CEO Brad Garlinghouse has congratulated venture capitalist David Sacks on his new position as the White House AI and crypto czar. The announcement earlier this week highlights a significant shift in U.S. innovation policy.
Garlinghouse Praises the Appointment
In a December 6 post on X (formerly Twitter), Garlinghouse expressed admiration for Sacks’ expertise. He shared optimism about Sacks’ ability to advance pro-innovation initiatives for AI and cryptocurrency under President-elect Donald Trump’s administration.
“Huge congrats to @DavidSacks on this appointment – he understands tech inside and out, and importantly, will push forward President Trump’s crypto and AI pro-innovation plans. Dream team!” Garlinghouse wrote.
Trump’s Vision for Crypto and AI
The official announcement came on December 5 through Trump’s Truth Social post. Trump described Sacks as instrumental in creating a legal framework for cryptocurrency. He emphasized that these policies would provide the clarity needed for the industry to grow and thrive in the U.S.
“He will work on a legal framework so the crypto industry has the clarity it has been asking for and can thrive in the U.S.,” Trump stated.
Ripple’s Ongoing Legal Dispute
Ripple Labs, led by Garlinghouse, is still embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC accuses Ripple of violating federal securities laws. Many in the crypto community criticize these enforcement actions, calling them excessive.
The SEC has also targeted other key players, including Kraken and Coinbase. However, SEC Chair Gary Gensler, known for his strict “regulation-by-enforcement” approach, recently announced his resignation. His departure is set for January 20, ahead of Trump’s inauguration.
A New Chapter for the SEC
President-elect Trump has already named Paul Atkins as Gensler’s successor. Atkins, a former SEC Commissioner, is recognized for his crypto-friendly stance. Many expect him to adopt a more balanced and supportive approach to digital assets.
Pro-Crypto Advocates Signal Policy Change
Sacks’ appointment, along with other pro-crypto figures, reinforces Trump’s pledge to promote a favorable regulatory environment. While specific guidelines remain unclear, the move has sparked optimism within the industry.
This alignment between government and industry leaders could drive substantial growth in AI and blockchain technologies. With a stronger focus on collaboration and innovation, the future looks promising for these sectors.
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