In a recent interview with Fox Business, Ripple CEO Brad Garlinghouse praised Trump’s potential impact on cryptocurrencies. Specifically, he stated that US assets like XRP have risen significantly since the election and that the prospect of friendly regulations offers great investment potential.
Garlinghouse also stated that the US crypto industry has unlocked $800 billion worth of value and business opportunities.
Garlinghouse: Optimistic about Trump
Brad Garlinghouse, CEO of Ripple, recently appeared in an interview with Fox Business, discussing the opportunities in the cryptocurrency industry under a second Trump term. When asked, Garlinghouse neither confirmed nor denied that he had met with Trump since the election, but he was optimistic about the Trump administration's pro-crypto move.
“What a difference ten days can make! For years, in the United States, we have been facing an attack on the crypto industry. It’s been a war. The crypto industry has embraced Trump, and Trump has embraced the crypto industry… I think he’s sincere. I’m really excited about what the future will bring,” Garlinghouse stated.
Fox host Liz Claman, who conducted the interview, brought up the recent surge in the price of XRP, which Garlinghouse used as a launching pad. Specifically, he pointed out: “Since Election Day, the best-performing crypto assets have all been American companies or American technology.” This answer may or may not include Bitcoin, as many assume that Satoshi was American.
There are more obvious examples, however, that Garlinghouse discussed. In anticipation of regulatory changes, Robinhood listed several US assets like Ripple or Cardano, both of which saw big gains. Solana also falls into this category, as Solana Labs was founded in San Francisco. However, it is unclear where Ethereum fits into this picture.
Ripple's Post-Election Growth. Source: TinTucBitcoin
Garlinghouse was clear in his assessment of these optimistic developments: the US market is expecting a more regulatory-friendly environment. He welcomed the recent lawsuit filed by 18 states against the SEC with the phrase “come to the party,” and also mentioned his excitement about Gary Gensler’s upcoming retirement. These could be changes that could transform the entire industry.
All things considered, Garlinghouse has made a clear and bullish case for crypto under Trump, with a substantial platform and easy-to-understand data. He claims that ending Gary Gensler’s “war on crypto” has unlocked $800 billion in value in the US crypto industry through pure price appreciation and business opportunity.
“The US has finally unlocked this hostility. I am surprised they did not do it sooner, but I am glad they did it now,” Garlinghouse concluded.
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