Ripple Labs CEO Brad Garlinghouse Reveals 2025 Vision Under Trump
Brad Garlinghouse, CEO of Ripple Labs, told FOX Business about the “Trump trade” affecting crypto values, as seen by Bitcoin's 48-hour string of all-time highs.
Garlinghouse also explored how Ripple and the digital asset market would fit into President-elect Donald Trump's regulatory framework in the next year.
Ripple CEO Hopeful About Trump's Crypto Support Stance
Garlinghouse said that Ripple has addressed the inefficiencies of “slow and expensive” cross-border transfers since its founding.
However, the CEO called the Biden administration's digital asset policy a “unlawful war” against the sector. He was optimistic that Trump's pro-crypto stance would change things.
Garlinghouse noted that the US Securities and Exchange Commission (SEC) action against XRP has “frozen” Ripple's market potential in the US, limiting its income potential under the anticipated regulatory reforms.
Ripple has 95% of its customers outside the US, and Garlinghouse says the business cannot flourish in a nation without legislative certainty.
Garlinghouse said that whereas China, Japan, the UK, and Switzerland are thriving in cryptocurrencies, the US has fallen behind.
Ripple's CEO hoped Trump's deregulation would clarify standards, enabling the SEC and CFTC to shape the sector.
Garlinghosue criticized the regulatory framework, notably the Howey Test, for failing to meet the crypto sector's unique peculiarities. He also stressed the need for new laws to reflect a sector that has grown greatly in the previous decade.
As speculation grows about potential SEC chair candidates under Trump—Dan Gallagher, Teresa Goody, and Commissioner Mark Uyeda—Garlinghouse stressed the importance of working with Congress to close regulatory gaps that confuse the market.
XRP is at $1.10, up 104% in two weeks after Trump's win. Still, the token remains 67% behind its all-time high of $3,040, attained almost seven years ago.