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Home»Taxes & Regulation»Ripple CEO Sends ‘Huge Congrats’ to Newly Appointed US ‘Crypto Czar’
Taxes & Regulation

Ripple CEO Sends ‘Huge Congrats’ to Newly Appointed US ‘Crypto Czar’

December 9, 2024No Comments2 Mins Read
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Brad Garlinghouse Congratulates White House’s New “AI and Crypto Czar” David Sacks

Brad Garlinghouse, the chief executive officer at Ripple, has shared his thoughts on the recent appointment of David Sacks as the new “AI and crypto czar” of the White House. Sacks, a venture capitalist and former chief operating officer at PayPal, is set to lead the Administration in Artificial Intelligence and Cryptocurrency.

Garlinghouse commended Sacks, stating that he “understands tech inside and out” and will play a crucial role in advancing the White House’s pro-innovation plans in the crypto and AI space. The Ripple CEO expressed his excitement for what he called a “dream team” with Sacks at the helm.

Elon Musk Connection

Sacks is not a stranger to the tech world, having ties with renowned entrepreneur Elon Musk. The two have reportedly collaborated on projects in the past, including Musk’s $44 billion Twitter acquisition. With Sacks leading the charge on AI development policy and Musk heading xAI and Grok on X, there is speculation that the duo will continue to work closely together.

New SEC Chairman Appointment

In addition to commenting on Sacks’ appointment, Garlinghouse also addressed the recent change in leadership at the US Securities and Exchange Commission. Following Gary Gensler’s resignation in January 2025, former SEC Commissioner Paul Atkins will take over as the new chairman.

Garlinghouse welcomed Atkins as the new SEC chairman, describing the decision as an “outstanding choice” for the crypto industry.

Overall, the cryptocurrency and AI sectors are poised for significant developments with the new appointments at the White House and SEC. The collaboration between key figures like David Sacks and Elon Musk is expected to drive innovation and progress in these rapidly evolving industries.

See also  Former SEC adviser warns regulation by enforcement persists despite federal shakeup

Appointed CEO Congrats Crypto czar Huge Newly Ripple Sends
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