Ripple CEO Brad Garlinghouse has expressed his optimism regarding the future of cryptocurrency in the United States, particularly in light of the recent election. Garlinghouse believes that the new administration is likely to adopt a more favorable stance toward cryptocurrencies, paving the way for significant growth in the industry. In a recent interview, he highlighted the potential for regulatory reform, particularly concerning the SEC’s approach to cryptocurrencies, which has often been perceived as restrictive.
Garlinghouse stated, “We finally have a crypto president. The crypto industry has embraced Trump. Trump has embraced the crypto industry. I think it’s very genuine. I think he sees the opportunities, he sees innovation, he sees entrepreneurship, and I’m very excited about what the future holds.”
Ripple CEO Brad Garlinghouse has attributed the recent surge in XRP’s value and the broader cryptocurrency market to a shift in the regulatory landscape. He believes that the election of a new administration has lifted the regulatory burdens that had previously hampered the growth of the industry.
Garlinghouse highlighted the impressive performance of XRP, which has seen a significant increase in value since the election. He pointed out that many of the top-performing cryptocurrencies are associated with U.S. companies and technologies. He argued that the previous regulatory pressure exerted by the SEC had stifled innovation and limited the potential of these assets. With this pressure now easing, these cryptocurrencies have experienced a surge in value.
Garlinghouse emphasized the positive impact of the regulatory shift on the overall market capitalization of cryptocurrencies, stating that the market has seen an increase of over $800 billion. He believes that this is a testament to the underlying strength of the industry and the potential for future growth.
Garlinghouse also praised Robinhood’s decision to relist XRP, viewing it as a positive sign of the evolving regulatory landscape. He commented on the recent lawsuit filed by 18 Republican attorneys general against the SEC, stating, “Welcome to the party.” Garlinghouse emphasized Ripple’s ongoing commitment to advocating for fair regulation, noting that the company has invested over $150 million in legal battles against the SEC.
Get free access to our lifetime VIP membership. Join us here.
Leave a Reply