According to U.Today, Stuart Alderoty, Ripple's Chief Legal Officer, has expressed his approval of the recent appointment of David Sacks as the new "White House A.I. and Crypto Czar." Alderoty shared his thoughts on social media, highlighting Sacks' pro-business and pro-innovation stance, which he believes will bring fresh perspectives to the U.S. crypto sector. Sacks, known for his advocacy of a balanced regulatory environment for technology and cryptocurrency industries, is expected to set a progressive tone for the U.S. crypto ecosystem.
Alderoty contrasted this appointment with the previous administration's decision to retain Gary Gensler as the Chair of the U.S. Securities and Exchange Commission (SEC), which he described as a "misstep." He criticized Gensler's tenure for its aggressive enforcement actions in the crypto space, suggesting that the new leadership under Sacks could lead to significant innovations and clearer regulatory certainty. Alderoty emphasized the importance of regulatory clarity in driving economic progress and expressed optimism about the future of the U.S. tech industry with Sacks in his new role.
The appointment of Paul Atkins, a former SEC commissioner, as Gensler's replacement has also been met with approval from industry leaders. Ripple CEO Brad Garlinghouse praised Atkins' appointment, believing it will restore "common sense" to the SEC. The endorsements of these pro-crypto appointees by the incoming administration are seen as a positive shift, especially given the challenges the crypto industry faced under Gensler's leadership. Ripple and other industry leaders are hopeful for a more favorable regulatory environment that will provide much-needed clarity in the digital asset space.