Ripple CEO Brad Garlinghouse Predicts Future of Crypto Under Donald Trump
Highlights
- Brad Garlinghouse said crypto will thrive under President Trump
- Industry experts believes key expectations like regulatory clarity will be achieved in the coming administration
- Appointments from President Trump has leaned toward crypto thus far
Brad Garlinghouse, the CEO of blockchain payments firm Ripple Labs Inc., has shared new insights into what the future holds for the crypto industry under Donald Trump. In an interview with Fox Business, Garlinghouse noted that the Biden Administration waged an unlawful war against crypto. He added that in barely two weeks, the market has started unlocking the potential the Trump Presidency has to offer.
Ripple CEO on What The Future Holds
Notably, the Ripple CEO said he is optimistic about the future. Since Kamala Harris’s defeat, industry leaders have become more confident that Donald Trump will help boost clear crypto regulations. Brad Garlinghouse said he is convinced that the crypto industry can finally “move past the unlawful war and shameful political tactics of the Biden Administration.”
The Ripple CEO said, “Crypto embraced Trump,” and this is evident in how the market has responded thus far. Fielding questions from Maria Bartiromo, Brad Garlinghouse shared insights into XRP’s prospects moving forward. He said the US SEC lawsuit against the firm over XRP’s status froze market opportunities for the company.
He said while 95% of the company’s market is outside the United States, he could see a future where the crypto industry thrives in the country. Notably, he reiterated that the US is not necessarily lacking laws, but that the current regulation are unclear and do not fit into the new crypto economy.
Joined @MorningsMaria to discuss a new dawn for crypto in the largest economy in the world under the Trump Administration. The industry has been asking for clear rules of the road for years – and I’m incredibly optimistic for what’s next as we move past the unlawful war and… https://t.co/DEuy0PW462
— Brad Garlinghouse (@bgarlinghouse) November 20, 2024
Lastly, the Ripple CEO said he is confident that the Make America Great Again (MAGA) plan is potentially a Make Crypto Great Again campaign.
Donald Trump is Walking the Talk
Prior to his election victory, Trump formed a pro-crypto transition committee. Tether advocate Howard Lutnick, the co-chair of the committee, will serve as Commerce Sec in the Donald Trump administration.
Most of the appointments from the Trump-Vance duo have largely leaned toward crypto. While the successor to Gary Gensler is yet to be announced, the general expectation is that the US SEC will get a pro-crypto Chairman this time.
President Donald Trump has walked the talk thus far. In line with this, many in the crypto community are also hopeful that the US President-elect would create the Strategic Bitcoin Reserve, which is one of the major highlights of his campaign promises to the community.
- VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%
- Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks
- Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury
- FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
