#Ripple CEO Brad Garlinghouse expresses optimism about the future of the crypto industry following the inauguration of the 119th Congress.
The Ripple CEO took to X yesterday to welcome the 119th United States Congress, which he hailed as ‘the most pro-crypto Congress in history.’
His statement signals a potential shift toward a more favorable regulatory environment for the crypto industry. This speculation comes amid growing demand for a clearer regulatory framework to guarantee investors’ protection and foster innovation within the industry.
The Beginning of More Positive Developments for Crypto
Garlinghouse emphasized that the inauguration of the most pro-crypto Congress marks the beginning of more positive developments for crypto.
Notably, he recognized the energy and excitement building across the industry following the inauguration of the 119th Congress, which has more than 200 pro-crypto advocates.
Pro-Crypto Advocates Fill 298 Congressional Seats
It is common knowledge that the crypto industry was fully involved in the just-concluded 2024 U.S. election. The sector made significant financial donations to different congressional candidates directly and through political action committees (PACs).
This effort paid off immensely, as most pro-crypto congressional candidates emerged victorious. Prominent cryptocurrency advocacy hub Stand With Crypto claimed that 298 pro-crypto advocates were inaugurated into the 119th Congress.