Ripple CEO Highlights Optimism for Crypto Industry Amid U.S. Political Changes
Ripple CEO Brad Garlinghouse expressed optimism about the cryptocurrency industry's future, attributing it to recent political developments in the United States. He noted that pro-business policies could significantly impact the market, especially under a potential second Trump presidency.
Garlinghouse stated that U.S. crypto assets, including Ripple’s XRP, have experienced considerable growth since the election, driven by improved investor confidence and anticipated regulatory changes. He highlighted that the industry has unlocked substantial value recently, evidenced by surges in various U.S.-based crypto technologies. A more favorable regulatory environment could lead to even greater gains.
He pointed out the strong performance of many American crypto assets, mentioning platforms like Robinhood listing U.S.-based cryptocurrencies such as Ripple and Cardano. The success of projects like Solana further illustrates the potential for domestic innovation in crypto. Garlinghouse indicated that U.S. markets are preparing for significant changes, fueled by expectations of more supportive policies.
During the interview, he welcomed legal challenges against the Securities and Exchange Commission (SEC), particularly a lawsuit involving 18 states, and commented on the possible retirement of SEC Chair Gary Gensler. Garlinghouse viewed this as an opportunity for the industry to move beyond what he termed a “war on crypto.”
Looking ahead, Garlinghouse predicts a transformative period for the sector, driven by reduced regulatory hostility and pro-crypto leadership. He believes these changes could unlock further innovation and value, positioning the U.S. as a global leader in the crypto industry.
In closing, Garlinghouse expressed surprise that these changes had not occurred sooner but acknowledged their significance in advancing the industry. He remains optimistic about the potential for regulatory shifts to support growth and innovation.