Ripple and XRP may be facing a turning point as new pro-crypto regulatory changes promise new hope and a potential resolution to years of legal battles.
The Future of XRP: Ripple CEO Hints at a New Chapter on the Horizon
Ripple CEO Brad Garlinghouse shared his views on social media platform X Friday, highlighting potential regulatory changes for cryptocurrencies under President-elect Donald Trump. The CEO discussed how a new administration could reshape the U.S. Securities and Exchange Commission (SEC) and impact Ripple’s legal battle over XRP.
He praised the XRP community for its resilience, saying: “I shared some thoughts on what the Trump administration means for crypto and also wanted to acknowledge the patience and unwavering support of the XRP family.” Reflecting on XRP’s path from second most valuable digital asset to a protracted legal dispute, Garlinghouse admitted: “A lot has happened since XRP was the second most valuable digital asset. It has been – at times – a frustrating journey.”
Garlinghouse noted: “~6 years since the SEC started intervening in the crypto market, picking winners and losers… ~4 years since the SEC sued Ripple.” He argued:
Now we FINALLY see a light at the end of the tunnel as these external (frankly unnatural and manipulative) market factors fade. The tide is changing, the headwind is turning into a tailwind and the opportunity for those of us who believe in the future for XRP is huge!
Trump’s stance on crypto is seen as notably supportive, with a focus on encouraging industry growth. He has pledged to remove SEC Chairman Gary Gensler on his first day in office, and Garlinghouse, along with many in the industry, sees this as a possible turning point. Known for his strict “regulation followed by enforcement” approach, Gensler has faced criticism from many in the industry, including Coinbase Chief Legal Officer Paul Grewal, who envisions a more focused SEC approach to fraud, rather than sweeping industry crackdowns, under Trump. Grewal predicts that such a shift could lead to clearer and more collaborative regulatory engagement, rather than a barrage of lawsuits against crypto companies.
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