The cryptocurrency market in the USA may undergo significant changes, according to Ripple CEO Brad Garlinghouse. After Donald Trump's victory in the presidential elections, Ripple and other companies expect a relaxation of regulatory pressure, which, according to Garlinghouse, will open new opportunities for growth and innovation 😄📈 In an interview with Fox Business, he expressed optimism about the future of the crypto industry in the country 🌞🌟
Crypto-friendly administration
Garlinghouse called Trump the "crypto president," emphasizing the mutual trust between the administration and the industry 🤝🙌 He noted that Trump sees opportunities for innovation and entrepreneurial potential in cryptocurrencies, which is fundamentally different from the previous practice of strict control by the SEC 📉🔍
Ripple has long opposed regulation through lawsuits 📜🔧 In recent years, the company has invested over $150 million in fighting SEC actions, which Garlinghouse described as "restrictive" 🚫😡 With the arrival of new policies, these restrictions are expected to be lifted, creating favorable conditions for cryptocurrency companies 💼📈
The rise of XRP and the impact of reduced regulation
Positive changes are already noticeable: XRP has risen more than 70% in recent weeks 🚀💸 Garlinghouse linked this to reduced pressure on American crypto companies: "The market is free from restrictions, and we see prices rising 💰📈 The market capitalization has increased from $2.2 trillion to $3 trillion — that's $800 billion available for growth 🎉💰"
Additionally, the Robinhood platform has re-listed XRP, which Garlinghouse called an important step demonstrating a change in attitude towards digital assets 🎉📈
The future of cryptocurrencies in the USA
Garlinghouse expressed confidence that the cryptocurrency industry in the USA is entering a new era where regulation will not hinder technological development 🔧🚀 "We must move away from forced regulation 🚫❌ This is a completely new day, and I couldn't be more pleased 🤩," he said with a smile 😊
Consequences for the industry
The expected relaxation of regulatory requirements under Trump may stimulate further innovation development, attract investment, and increase the popularity of cryptocurrencies in the USA 🇺🇸📈 XRP is already demonstrating impressive results 🚀💸, which could serve as an example for other digital assets 📈📉
#xrp #RippleX #LONG📈 #SOLbullish
These changes will not only open new opportunities for companies but may also alter the global landscape of the cryptocurrency market 🌍🌐 🌍
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