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“Dream team!” Ripple executives hailed David Sacks’ appointment as White House Cryptocurrency Czar, predicting his leadership will drive innovation and deliver long-awaited regulatory clarity.
‘Crypto Czar’ Appointed: Ripple’s Executives Predict Major Policy Breakthroughs
Ripple’s leadership has voiced strong support for David Sacks’ appointment to spearhead the Trump administration’s efforts in cryptocurrency and artificial intelligence (AI). Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty took to social media platform X to praise the move, emphasizing its alignment with innovation-friendly policies.
Garlinghouse stated:
Huge congrats to David Sacks 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!
Alderoty echoed Garlinghouse’s sentiments in multiple statements, underscoring the significance of Sacks’s appointment for advancing the crypto industry. “Another great pick by the Trump administration: David Sacks will bring the pro-business, pro-innovation, and fresh perspective we need. Excited to work with David and the industry to finally establish clear rules of the road for crypto in the US. The future starts now!” Alderoty wrote.
He further elaborated on Sacks’ new role, characterizing it as a logical step for the nation’s growth. “The appointment of David Sacks as ‘czar’ – recognizing AI and crypto as central to America’s growth story – is such a no-brainer when said out loud. It only magnifies the travesty of the prior administration empowering Gary Gensler’s SEC to get it so wrong for so long.”
President-elect Donald Trump announced his appointment of venture capitalist David Sacks as the White House’s AI and Cryptocurrency Czar on Thursday. Sacks, a former Paypal executive and close associate of Elon Musk, will guide the administration’s policies in these critical technological areas. “I am pleased to announce that David O. Sacks will be the ‘Crypto Czar..’ In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas,” Trump wrote. His role includes developing a clear legal framework for the cryptocurrency industry and safeguarding free speech online.
The Ripple executives’ comments highlight their belief that this leadership change could provide much-needed regulatory clarity and foster innovation in the U.S. crypto space. Alderoty’s remarks pointed to past challenges under the U.S. Securities and Exchange Commission (SEC), which he said hindered progress by failing to create a supportive environment for digital assets. With Sacks at the helm, Ripple and its advocates see a promising shift toward clear, innovation-driven policies that could strengthen the nation’s standing in emerging technologies.