Donald Trump nominated venture capitalist David Sacks as the ‘Artificial Intelligence and Crypto Czar’. Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty are bullish on Trump’s choice of crypto czar. The likelihood of the Ripple and SEC lawsuit ending is rising as Sacks supports Ripple.
What will Crypto Czar David Sacks do in the SEC and Ripple war?
Donald Trump appointed David O. Sacks as the ‘White House Artificial Intelligence and Crypto Czar’. Trump added that Sacks will guide the Administration in Artificial Intelligence and Cryptocurrency policies, two vital areas for the future of American competitiveness. Sacks gave open support for Ripple during the SEC case. So, this election is good news for Ripple and the XRP community.
David will focus on making America the clear global leader in both areas. He will protect Free Speech on the Internet and move us away from Big Tech bias and censorship.
David O. Sacks will work to create a legal framework for the crypto industry. It will also bring crypto regulatory clarity to promote and develop the industry in the US.
Brad Garlinghouse and Stuart Alderoty reacted
Ripple CEO Brad Garlinghouse congratulated David Sacks on the appointment. ‘He understands technology inside and out, and more importantly, he will advance President Trump’s pro-crypto and pro-AI innovation plans,’ Garlinhouse said. Stuart Alderoty also says Sacks is another great choice by the Trump administration.
As you follow from Kriptokoin.com, Trump nominated Paul Atkins to replace Gary Gensler as SEC Chairman. This created a great sense of bullishness in the crypto industry. Alderoty said he would bring ‘pro-business, pro-innovation and the fresh perspective we need.’ Alderoty stated that David Sacks will work with the industry. Thus, he noted that he will finally create clear road rules for crypto in the US. In this context, ‘The future starts now!’ he said.
Ripple and SEC lawsuit nears the end
David Sacks followed the Ripple and SEC case and XRP news. An old video surfaced in which Judge Analisa Torres said Ripple won the case when she ruled that XRP was not a security. John Deaton reacted to the video, claiming that the win was a complete victory for XRP. XRP Coin’s market capitalisation is around $134 billion at the time of writing. XRP is also trading flexibly above $ 2.35.
Former CFTC Chairman Chris Giancarlo and pro-XRP lawyers strongly claim that the Ripple vs SEC case appeal will likely be dropped or dismissed. Trump’s pro-crypto team, including Paul Atkins and David Sacks, have increased the likelihood of the case being resolved. Ripple CEO Brad Garlinghouse expressed his support for Atkins. He also described him as an ‘outstanding choice’ to manage the watchdog. Meanwhile, as the 15 January deadline approaches, speculation continues as to whether the US SEC will continue its legal fight or allow the deadline to pass.
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