Ripple CEO Garlinghouse Takes Aim At Gary Gensler As XRP Hits $0.92

Ripple CEO Brad Garlinghouse has shed light on the factors behind XRP’s remarkable 70% rally, which propelled its price to a two-year high of $0.9193. He attributes the surge to a combination of pro-crypto policies under the new administration, Robinhood’s relisting of XRP, and easing regulatory constraints in the U.S. Garlinghouse also welcomed 18 state attorneys’ involvement in lawsuits challenging the SEC’s approach to crypto regulation. 

He further criticized the SEC’s actions as stifling U.S. innovation but expressed optimism that the changing regulatory wave would enable significant growth for U.S.-based crypto assets.

Trump as a “Crypto President” Fuels Market Optimism

In an interview with FOX Business, Garlinghouse referred to President-elect Donald Trump as a “crypto president,” commending his support for blockchain innovation and entrepreneurship. He described the post-election environment as transformative for the cryptocurrency sector, emphasizing Trump’s embrace of crypto.

“The crypto industry has embraced Trump, and Trump has embraced the crypto industry. I think it’s very genuine,” Garlinghouse remarked.

This optimism has extended to U.S.-linked cryptocurrencies like Solana (SOL) and Cardano (ADA), which have also experienced significant growth since Election Day. Garlinghouse highlighted that regulatory clarity is reducing pressures on these assets, allowing them to thrive.