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Highlights
- Ripple CEO champions blockchain at Trump's inauguration, signaling major sector growth.
- SEC may drop Ripple lawsuit appeal under new chair, potentially clearing XRP status.
- Ripple CLO reacts to SEC Chair Gensler's departure, anticipates shift in crypto regulation.
Ripple CEO Brad Garlinghouse attended a series of events in Washington, DC, during the inauguration festivities, marking the beginning of Donald Trump’s presidency. Events included the Crypto Ball, a dinner hosted by the Vice President, and gatherings at the Capitol. Sharing his enthusiasm on social media, Garlinghouse remarked on the growing momentum for leveraging blockchain technology for economic innovation in the United States and globally.
Ripple CEO Brad Garlinghouse Advocates for Blockchain
In a recent post shared on X, Ripple CEO Brad Garlinghouse reflected on his participation in multiple inauguration events. He attended the Crypto Ball, a Vice President-hosted dinner, and a Capitol gathering, emphasizing his optimism about the role of blockchain in driving economic growth.
Garlinghouse shared a picture with Vice President JD Vance, celebrating the collaborative efforts of the blockchain and political sectors during the festivities. His presence at these high-profile events showcased Ripple’s continued commitment to advancing blockchain adoption in the United States.
Ripple CEO comments come days after the XRP company CLO Stuart Alderoty celebrated Gary Gensler’s departure as SEC Chair, marking a shift in regulatory enforcement. Ripple CLO mocked Gensler’s exit, suggesting his relevance to the crypto industry would fade.
Growing Support for Blockchain Innovation
During his social media post, Ripple CEO Brad Garlinghouse stressed the potential of blockchain technology to address global challenges. He highlighted its rising acceptance in the U.S., signaling a new era of economic innovation.
Brad stated,
“There’s palpable excitement for all the good that’s possible leveraging crypto and blockchain in the US and globally.”
More so, Ripple CEO remarked that these discussions pave the way for an inclusive financial ecosystem, aligning with Ripple’s vision for cross-border payments.
XRP Lawsuit Status
Meanwhile, Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) remains a key topic. The SEC continues to appeal the 2023 ruling that XRP sales to retail investors did not constitute securities.
However, with Gary Gensler out as SEC Chair and a new administration taking charge, legal experts believe the case may be resolved. Reports suggest that the current SEC leadership could choose to drop the appeal, given the court’s earlier ruling favoring Ripple. This development could bring clarity to XRP’s regulatory status and support broader crypto adoption.
Moreover, most recently, Securities Lawyer Marc Fagel has speculated that the Ripple vs SEC case may see a delay extending up to 10 months. He suggested that the outcome depends on decisions from the new SEC Chair, Paul Atkins, who could settle the case sooner if he drops the ongoing appeal.
Despite the legal challenges, Ripple CEO Brad Garlinghouse’s active participation in inauguration events signals confidence in blockchain.
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