Ripple CEO supports David Sacks' appointment as White House "crypto czar"
Ripple leadership has backed David Sacks to lead the Trump administration's work in cryptocurrency and artificial intelligence (AI), with Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty applauding the move on social media platform X, stressing that it is in line with innovation-friendly policies. Brad Garlinghouse said: "Congratulations to David Sacks on this appointment - he knows the technology inside out and, more importantly, will drive President Trump's crypto and artificial intelligence innovation initiatives. Dream Team!"
Perhaps influenced by this, XRP rose again to break through $2.5, and its market cap also surpassed Tether to return to the third place in the cryptocurrency market cap.