XRP News: Trump’s AI and Crypto Czar David Sacks Favors Ripple in SEC Lawsuit
Summary
- Donald Trump nominates venture capitalist David Sacks as the “White House AI & Crypto Czar.”
- Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty express strong support for Trump’s crypto czar pick.
- Support for David Sacks boosts the chances of an end to the Ripple vs. SEC lawsuit.
- XRP price increases by 2% today and 50% over the past week.
Donald Trump has officially nominated venture capitalist David Sacks as the “White House AI & Crypto Czar.” Sacks, a co-host of the All-In Podcast and former COO of PayPal, is known for his support of Ripple in its ongoing legal battle with the U.S. SEC. His nomination signals a strong push for innovation in the fields of AI and cryptocurrency.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have voiced their enthusiasm for Sacks’ appointment, highlighting his potential to advance President Trump’s pro-innovation agenda in both crypto and AI sectors. They believe Sacks’ leadership will create favorable conditions for cryptocurrency growth, particularly benefiting Ripple and other projects aligned with his vision.
Garlinghouse and Alderoty emphasize that Sacks’ influence in the White House could help bring an end to the long-running Ripple vs. SEC lawsuit, which has caused uncertainty in the cryptocurrency market. With his support for Ripple, Sacks could play a pivotal role in reshaping regulatory approaches and accelerating the legal resolution that could benefit XRP and its investors.
As a result of this news, XRP has experienced a notable price surge. The cryptocurrency rose by 2% in a single day, and its value has increased by 50% over the past week. This bullish momentum is seen as a positive sign for XRP and the broader crypto market, especially with Sacks’ appointment fueling optimism.
Crypto Czar David Sacks: Expert on SEC vs. Ripple and XRP
On December 5, US President-elect Donald Trump appointed David O. Sacks as the “White House AI & Crypto Czar.” Trump stated that Sacks will lead the Administration’s efforts in shaping policies for Artificial Intelligence and Cryptocurrency, both critical to the future of American competitiveness. This appointment is seen as positive news for the Ripple and XRP communities, as Sacks has consistently supported the company during its ongoing SEC lawsuit.
Additionally, he will focus on creating a legal framework for the crypto industry, providing regulatory clarity to promote growth and success within the sector in the United States.
Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty Share Their Reaction
Ripple CEO Brad Garlinghouse congratulated David Sacks on his appointment, praising his deep understanding of technology. Garlinghouse added, “He understands tech inside and out, and importantly, will push forward President Trump’s crypto and AI pro-innovation plans.”
Stuart Alderoty also expressed his approval, calling Sacks another excellent choice by the Trump administration. He compared Sacks’ appointment to Trump’s nomination of Paul Atkins as SEC Chairman, which generated strong bullish sentiment in the crypto industry. Alderoty noted that Sacks will bring the “pro-business, pro-innovation, and fresh perspective we need.”
He is also eager to collaborate with David Sacks and the industry to establish clear regulations for crypto in the US. “The future starts now!” he declared.
XRP News: Ripple vs. SEC Lawsuit Approaches Conclusion
David Sacks has closely followed the Ripple vs. SEC lawsuit and XRP news. An old video surfaced in which he stated that Ripple won the case after Judge Analisa Torres ruled that XRP is not a security.
John Deaton responded to the video, declaring the ruling a complete victory for XRP. As a result, XRP is now trading strongly above $2.35, with a market cap of $134 billion.
Former CFTC Chairman Chris Giancarlo and pro-XRP lawyers strongly believe that the Ripple vs. SEC lawsuit appeal will likely be dropped or dismissed. Trump’s pro-crypto team, including Paul Atkins and David Sacks, has increased the likelihood of a lawsuit resolution.
Ripple CEO Brad Garlinghouse has voiced his support for Atkins, calling him an “outstanding choice” to lead the regulatory body. Meanwhile, speculation grows over whether the U.S. SEC will continue its legal battle or let the January 15 deadline pass without further action.
Amid this bullish news, XRP’s price has surged 400% due to changes in leadership within government agencies. The price now trades at $2.36, up nearly 2% in the last 24 hours and 50% over the past week.
