Ripple CEO Brad Garlinghouse stated emphatically in an interview with Fox Business: "Trump will make the crypto industry great again." Following this statement, the price of XRP surged by 27%, reaching a new high. Market sentiment suddenly warmed, and the underlying logic and direction deserve further exploration!
Garlinghouse pointed out the obsolescence of the existing regulatory framework, particularly the SEC rules that rely on the 1946 Howey Test. He believes that the SEC under Gensler is overly politicized and erratic, limiting innovation and pushing 95% of Ripple's business overseas.
Ripple CEO clearly stated that if the Trump administration were to take office, it would provide the much-needed regulatory clarity for the digital asset industry, accelerating innovation in the U.S. crypto space. More importantly, Trump has promised to appoint a leader familiar with crypto to replace Gensler, injecting new vitality into the U.S. economy.
Garlinghouse revealed that Ripple plans to launch its own stablecoin, RL USD, targeting the $170 billion cross-border payment market, competing with Tether for an early advantage. The stablecoin may become a booster for Ripple's next market explosion.
With the U.S. presidential election approaching, the crypto industry may usher in a new policy cycle. If Ripple's strategy proves effective, XRP, as a core asset in the global payment sector, may have immeasurable upside potential in the future.
