Ripple CEO Brad Garlinghouse has shared an optimistic outlook on the future role of the U.S. in the cryptocurrency industry. In a tweet, he also commented on SEC Chair Gary Gensler and his role in ongoing legal cases, including the Ripple vs. SEC lawsuit.
U.S. as the "Crypto Capital of the World"?
Garlinghouse stated that he attended the annual cryptocurrency conference hosted by the financial institution Cantor. He believes that the recent political leadership changes in the U.S., announced on November 5, pave the way for the nation to become the global hub for cryptocurrencies. These changes, he argues, provide the crypto industry in the U.S. with room to grow and gain greater legitimacy.
He also expressed doubts about the future of SEC Chair Gary Gensler, whom the newly elected president has promised to dismiss on the first day in office. Garlinghouse previously expressed hope that Gensler would be held accountable for allegedly ignoring the law.
Significant XRP Withdrawals and a 16.75% Price Surge
According to the tracking platform Whale Alert, two major XRP withdrawals were made from Binance over the past 24 hours. Two anonymous wallets collectively withdrew 216 million XRP, worth more than $167 million.
Meanwhile, XRP's price surged by 16.75%, climbing from $0.70564 to the current $0.83954. The cryptocurrency has made three attempts to break the $0.83 resistance level and is currently up 6.65%.
Whales and Sharks Accumulate XRP
According to the on-chain analytics platform Santiment, whales and sharks (wallets holding at least 1 million XRP) have accumulated 3.44 billion XRP over the past two years. These large holders now control a total of 45.61 billion XRP, marking the highest level since June 2018.
In January 2018, XRP hit its all-time high of $3.84, suggesting that the current rally could signal potential further gains.
This development underscores that both XRP and the broader crypto industry are experiencing positive momentum, with the U.S. increasingly positioning itself as a key player in the global crypto landscape.
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