{"id":2290,"date":"2024-11-07T17:01:41","date_gmt":"2024-11-07T17:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2290"},"modified":"2024-11-07T17:01:41","modified_gmt":"2024-11-07T17:01:41","slug":"will-trumps-sec-close-the-ripple-case-coinbase-clo-speaks-out","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2290","title":{"rendered":"Will Trump\u2019s SEC Close The Ripple Case? Coinbase CLO Speaks Out"},"content":{"rendered":"
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In the wake of Donald Trump\u2019s victory in the US presidential election, crypto industry giants like Ripple and Coinbase are anticipating significant regulatory shifts. Trump has expressed a pro-crypto stance and has indicated his intention<\/a> to replace Securities and Exchange Commission (SEC) Chair Gary Gensler \u201con day one\u201d of his administration. This move could lead to a substantial shift in how the SEC handles ongoing crypto cases, including those against major companies like Coinbase and Ripple.<\/p>\n

Will Trump\u2019s SEC End The Coinbase And Ripple Cases?<\/h2>\n

The prospect of Trump appointing a crypto-friendly SEC chair\u2014potentially someone like Commissioner Hester Peirce\u2014raises questions about the future of the SEC\u2019s current enforcement actions. FOX Business journalist Eleanor Terrett sought insights from Coinbase\u2019s Chief Legal Officer, Paul Grewal, regarding these potential changes.<\/p>\n

\u201cI think the new administration will take a fresh look at all the existing crypto cases brought under Gary Gensler and distinguish between the ones aimed at what are clearly scams and fraud and ones that are not,\u201d Grewal told<\/a> Terrett.<\/p>\n

While Grewal did not explicitly predict that the cases against Coinbase and Ripple would be withdrawn, he expressed confidence that new leadership and clearer regulations would prompt a reevaluation. \u201cGrewal stopped short of saying he believed the cases against Coinbase and others under fire for alleged securities violations would be withdrawn but seemed confident a change at the top and clear rules will warrant a fresh pair of eyes,\u201d Terrett explained.<\/p>\n

Notably, Grewal also took to X to share<\/a> his thoughts: \u201cI hope SEC understands what has happened tonight. On many, many issues, the voters said loud and clear that they want change. Crypto is no exception. Stop suing crypto. Start talking to crypto. Initiate rulemaking now. There\u2019s no reason to wait.\u201d<\/p>\n

Coinbase CEO Brian Armstrong also weighed in<\/a>, describing the election as \u201ca huge win for crypto.\u201d He highlighted that crypto support played a key role in Bernie Moreno\u2019s victory over Senator Sherrod Brown in Ohio, noting that Brown was \u201cone of the most anti-crypto senators out there.\u201d Armstrong added that the \u201cfull-throated support of the winning presidential candidate\u201d and the election of 257 pro-crypto candidates in the House signal a pro-crypto shift in Congress.<\/p>\n

Armstrong asserted that the country has \u201cfully repudiated the work of Senator Warren<\/a> and Gary Gensler, who tried for years to unlawfully kill our industry.\u201d He suggested that being anti-crypto is now \u201ca good way to end your career,\u201d as it doesn\u2019t align with voters who are \u201cdisaffected by the current financial system and want change.\u201d<\/p>\n

Ripple\u2019s leadership echoed similar sentiments. CEO Brad Garlinghouse, while refraining from discussing the ongoing lawsuit with the SEC, applauded Trump\u2019s win and provided a first 100-day checklist for the new administration, as reported<\/a> by Bitcoinist on Wednesday. He urged Trump to \u201cfire Gensler\u201d without delays and to appoint replacements like Chris Giancarlo, Brian Brooks, or Dan Gallagher, who he believes would be \u201cmassive upgrades in rebuilding the rule of law (and reputation) at the SEC.\u201d<\/p>\n

Garlinghouse also called for bipartisan efforts to advance the digital asset market structure bill in the Senate and sought regulatory clarity on cryptocurrencies. He questioned, \u201cCan we get some clarity\u2026 similar to XRP and BTC, that ETH is not a security, right?!\u201d<\/p>\n

At press time, XRP traded at $0.55.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

In the wake of Donald Trump\u2019s victory in the US presidential election, crypto industry giants like Ripple and Coinbase are anticipating significant regulatory shifts. Trump has expressed a pro-crypto stance and has indicated his intention to replace Securities and Exchange Commission (SEC) Chair Gary Gensler \u201con day one\u201d of his administration. This move could lead […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2290","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2290"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2290\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}