Following Donald Trump's reelection and a Republican majority in the Senate, crypto companies like Ripple and Coinbase are advocating for reforms at the SEC. Ripple's chief legal officer, Stuart Alderoty, expressed hopes for a change in leadership at the SEC to foster a more rational approach to cryptocurrency regulation, suggesting that policy changes depend on the people behind them. Coinbase's chief legal officer, Paul Grewal, echoed this sentiment, calling for an end to lawsuits against crypto firms. This push aligns with Trump’s pledge to address the SEC's current strategies under chair Gary Gensler, known for aggressive enforcement actions concerning the status of digital assets. Ripple has faced litigation since 2020 over its token, XRP, and is eager for the new administration to move cryptocurrency regulation out of the courts and into a more favorable regulatory environment. The future of the SEC leadership remains uncertain, but the crypto industry is keenly watching for potential shifts that may impact their operations.

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