The U.S. cryptocurrency market could be on the cusp of major changes, according to Ripple CEO Brad Garlinghouse. Following Donald Trump's victory in the presidential election, Ripple and other companies are expecting regulatory pressure to ease, which Garlinghouse believes will open up new horizons for growth and innovation. In an interview with Fox Business, the Ripple CEO expressed his optimism about the future of the crypto industry in the country.
Crypto-friendly administration
Garlinghouse described Trump as a “crypto president,” emphasizing the mutual trust between the administration and the industry. “He sees opportunity, innovation, and entrepreneurial potential,” he said, adding that Trump’s approach would be a complete reversal of the SEC’s previous practice of strict oversight.
Ripple has long opposed regulation through legal action. In recent years, the company has spent more than $150 million fighting SEC actions that Garlinghouse called “restrictive.” That course is expected to change with the new policy, which could create favorable conditions for crypto companies.
XRP Market Rise and the Impact of Deregulation
Positive changes are already showing up: XRP has risen more than 70% in recent weeks. Garlinghouse attributed the surge to less pressure on U.S. crypto companies: “The market has been de-restricted, and we’re seeing prices go up. Market cap has gone from $2.2 trillion to $3 trillion — that’s $800 billion unlocked for growth.”
Robinhood also relisted XRP, which Garlinghouse called an important step that demonstrates a shift in attitude toward digital assets.
The Future of Cryptocurrency in the US
The head of Ripple expressed confidence that the crypto industry in the US is entering a new era, where regulation will not hinder the development of technology. “We have to move away from regulation through coercion. This is a completely new day, and I could not be more pleased,” Garlinghouse emphasized.
Consequences for the industry
The expected loosening of regulations under Trump could spur further innovation, investment, and the rise of cryptocurrency in the U.S. XRP is already showing impressive results, which could set a model for other digital assets.
These changes promise not only to open up new opportunities for companies, but also to change the global picture of the crypto market.
