XRP News: Trump’s AI and Crypto Czar David Sacks Favors Ripple in SEC Lawsuit

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As a seasoned financial analyst with over two decades of experience under my belt, I can’t help but feel optimistic about the recent appointment of David Sacks as the “White House AI & Crypto Czar.” Given his background as a venture capitalist, co-host of The All-In Podcast, and former PayPal COO, Sacks has shown a keen interest in the crypto space, particularly in Ripple and XRP.

News Regarding XRP: Donald Trump has selected venture capitalist David Sacks for the role of “AI & Crypto Advisor at the White House.” Known for his support of Ripple in the ongoing legal dispute between the US Securities and Exchange Commission, Sacks is a co-host on The All-In Podcast and was previously the COO at PayPal.

Brad Garlinghouse, CEO of Ripple, along with CLO Stuart Alderoty, expressed that Sacks would advance President Trump’s pro-crypto and AI innovation agendas. This move is anticipated to boost the momentum for the cryptocurrencies he endorses, such as XRP and ZRX.

Crypto Czar David Sacks Is SEC v Ripple, XRP Expert

On December 5th, President-elect Donald Trump designated David O. Sacks as his advisor on Artificial Intelligence (AI) and Cryptocurrency, dubbed the “White House AI & Crypto Czar.” Trump emphasized that Sacks’ expertise will be crucial in shaping the Administration’s policies in these critical sectors for the nation’s future competitiveness. This development is welcomed by Ripple and XRP supporters, as Trump previously expressed support for their company during the ongoing SEC legal battle.

David intends to ensure that America takes a dominant role in these two sectors. He plans to protect freedom of speech on the internet, while avoiding any prejudice or suppression by big tech companies.

Additionally, his efforts will be focused on creating a regulatory structure for the cryptocurrency sector, providing much-needed clarity on laws that govern this industry within the U.S., with the aim of fostering and nurturing its growth.

Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty React

Brad Garlinghouse, the CEO of Ripple, extended his congratulations to David Sacks on his new position. He stated that Sacks has a deep understanding of technology and is particularly well-suited to advance President Trump’s progressive initiatives in the areas of cryptocurrency and artificial intelligence.

Stuart Alderoty believes Sacks is another excellent choice made by the Trump administration. The nomination of Paul Atkins as SEC Chairman, replacing Gary Gensler, caused a significant surge in optimism within the crypto industry. According to Alderoty, this appointment will bring a “business-friendly, innovative, and fresh perspective that we require.

He’s equally thrilled about collaborating with David Sacks and the sector to lastly set definitive guidelines for cryptocurrency within the U.S., which he proclaimed, “It’s time to embark on this new journey!

XRP News: Ripple Vs SEC Lawsuit Nears End

David Sacks has kept up with the ongoing legal battle between Ripple and the Securities and Exchange Commission, as well as related XRP updates. A previous video resurfaced in which he expressed his belief that Ripple emerged victorious in the case, due to Judge Analisa Torres’ decision that XRP is not classified as a security.

John Deaton expressed his reaction to the video, stating that the win was a complete triumph for XRP. Currently, the price is holding strong at around $2.35, and the market capitalization stands firm at approximately $134 billion.

In terms of the Ripple XRP case, the triumph was an all-encompassing success in every significant aspect. As Jason mentioned to DavidSacks, we’ll soon observe how XRP trading unfolds. Regardless of personal feelings, XRP surpassing $2 and boasting a market cap of $133B showcases its resilience.

— John E Deaton (@JohnEDeaton1) December 6, 2024

The former CFTC Chairman Chris Giancarlo, along with supporters of XRP, argue that it’s highly probable that the Ripple vs SEC legal dispute will either be withdrawn or thrown out. The chances of resolving this case have been bolstered by members of Trump’s pro-cryptocurrency team, such as Paul Atkins and David Sacks.

Brad Garlinghouse, CEO of Ripple, has endorsed Atkins, referring to him as an “excellent selection” for the role as regulator. Simultaneously, there’s ongoing debate about whether the U.S. Securities and Exchange Commission (SEC) will persist with their legal action or let the deadline pass as the January 15th deadline draws near.

Despite optimistic developments, the value of XRP has surged by an impressive 400%, following recent shifts in leadership within the governing bodies. At this moment, it’s being exchanged for approximately $2.36, marking a nearly 2% increase over the past day and a substantial 50% growth during the last week.

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2024-12-06 10:24