⚠️Ripple CEO: Trump Bull Market 🥵🔥is Real - What's Next for Crypto? ⚡⚡
🟣Market Insights
🟩Ripple CEO Brad Garlinghouse is optimistic about the future⚡ of crypto, stating that the "Trump bull market is real".
🔴 This statement comes as Ripple is making a significant comeback📈 in the U.S. market, with 75% of its open positions now based in the country.
🟣Garlinghouse credits🔥 the Trump
administration and key figures like Scott Bessent, David Sacks, and Paul Atkins for kickstarting innovation and job growth📈 in the crypto industry.
🔵He also believes that the 119th Congress is the "most pro-crypto Congress in history," with lawmakers 🔥😀ready to tackle industry challenges head-on.
🔴Global Financial Landscape Undergoing Significant Changes
🟪The arrival of this Congress coincides with significant campaign✅ contributions from crypto elites, totaling $135 million. Their demands include eliminating SEC lawsuits, opening access to global 🔥banking, and launching a U.S. Bitcoin reserve.
⬜Meanwhile, the global financial landscape is undergoing significant⚡⚡ changes, with countries like Thailand, Hong Kong, and the UAE joining China's mBridge initiative. This platform aims to reduce 🥵reliance on the U.S. dollar and SWIFT, effectively bypassing American financial oversight.
🟦Tokenization and CBDCs: What's Next?
🟪In Asia, countries like Hong Kong and Singapore are leading the charge in tokenization😍, with Citigroup estimating a $4 trillion 🤑market by 2030.
🟣The use of smart contracts and digital green bonds is also becoming✅ more prevalent.
🟦However, not all countries are convinced✅ that central bank digital currencies (CBDCs) are the way forward. A recent survey found that only 13% of central banks viewed CBDCs as the best🔥 solution for cross-border transfers, down from 31% in 2023.
🔵Instead, countries are exploring alternatives like tokenized deposits.
🟣Stay informed, stay ahead!
