🚀 Ripple CEO Brad Garlinghouse Shares Exciting News with the XRP Community!

In a major update, US President-elect Donald Trump has nominated Scott Bessent as the next US Treasury Secretary, a move that has sparked enthusiasm in the crypto world Ripple CEO Brad Garlinghouse has hailed Bessent as the "perfect pick" for the role, fueling optimism.

Why This Matters: 📌 Pro-Innovation Stance: Bessent is recognized for his crypto-friendly approach and focus on innovation. 📌 Bullish Sentiment: Garlinghouse believes this appointment could signal a turning point for XRP, the RLUSD stablecoin, and US crypto regulations. 📌 Potential SEC Lawsuit Resolution?: With this momentum, many experts speculate that the long-running Ripple vs. SEC case might soon have a favorable outcome.

Market Reactions: XRP Jumps to $1.62: The announcement triggered a surge in XRP’s price, with a 12% increase in the last 24 hours and a 60% rise over the past week. Analysts are now forecasting a price target of $2 for XRP. ADA Crosses $1: Cardano (ADA) also saw a 22% gain in the last 24 hours, pushing its value past $1.

Key Insights: Pro-XRP lawyer John Deaton applauded the decision, urging the administration to make the right call regarding the SEC Chair. Garlinghouse's optimistic outlook was echoed by other crypto figures, including Charles Hoskinson and Jeremy Hogan, who anticipate significant changes in the crypto sector. Bessent, known for his sharp economic strategies, previously made headlines with a historic short bet against the British pound in 1992.

What’s Next? Both Wall Street and the crypto community are eagerly awaiting further details on Bessent’s fiscal policies. This development could pave the way for broader crypto adoption and regulatory clarity in the US.

💬 What do you think about this major announcement? Could this be the turning point for XRP and crypto in the US? 🔗 Follow @Vikasjangracrypto for the latest XRP, crypto news, and market trends! Don’t forget to like, comment, and support using the tip feature!