Donald Trump nominated Scott Bessent as the U.S. Treasury Secretary, and Ripple CEO Brad Garlinghouse shared the good news with the XRP community.
Ripple CEO Brad Garlinghouse shared another piece of good news with the XRP community. President-elect Donald Trump finally selected a Treasury Secretary, which has filled the cryptocurrency community, including Garlinghouse, with confidence about the end of the XRP and SEC lawsuit. Ripple CEO Garlinghouse claimed Scott Bessent was the perfect choice.
Donald Trump nominated Scott Bessent as the U.S. Treasury Secretary.
President-elect Donald Trump nominated Scott Bessent as the U.S. Treasury Secretary. The newly appointed Treasury Secretary is the founder of hedge fund management company Key Square Group, famous for shorting the pound under George Soros in 1992.
It turns out that selecting the U.S. Treasury Secretary is one of Trump's most critical decisions, and Wall Street is closely watching this dramatic event. Apollo Global Management CEO Mark Rowan and former Federal Reserve Governor Kevin Walsh are both in the running.
According to Reuters, Trump wrote on Truth Social: 'Scott is widely respected as one of the world's top international investors and geopolitical and economic strategists.'
After Trump appointed Scott Bessent to lead the Treasury Department, both Wall Street and the cryptocurrency market reacted positively. Bessent holds a favorable view on cryptocurrency adoption policies, but investors are waiting for more details regarding his views on fiscal policy and next steps.
Ripple CEO Brad Garlinghouse praised Trump's choice for Treasury Secretary.
Ripple CEO Brad Garlinghouse expressed his satisfaction with Scott Bessent being appointed as Treasury Secretary on X. He said, 'I don't want to be too arrogant, but... Scott Bessent is the perfect choice.' He claimed Bessent will be the most supportive Treasury Secretary for innovation and cryptocurrency ever.
Other cryptocurrency executives and experts, including Charles Hoskinson, John Deaton, Matthew Sigel, and David Bailey, have reacted positively.
XRP-supporting lawyer John Deaton stated that the Trump transition team now needs to 'make SEC Chairman understand that we are entering the era of digital innovation.' Meanwhile, XRP-supporting lawyer Jeremy Hogan predicted a timeline for the potential conclusion of the Ripple SEC case.
Ripple CEO is optimistic about XRP price rising above $1.60.
Ripple CEO and Cardano founder Hoskinson's optimistic reaction sparked further increases in XRP and ADA prices. Now all eyes are on Donald Trump's upcoming announcement of the nominee.
XRP price continued its momentum with over 60% gains this week, rising 12% in the past 24 hours. XRP hit its highest price in 24 years at $1.62, with trading volume climbing another 22%. A well-known analyst predicts a target price of $2 for XRP.
ADA price has risen 22% in the past 24 hours, finally surpassing $1. The 24-hour low and high prices were $0.856 and $1.140, respectively. Additionally, trading volume increased by 130% in the past 24 hours, indicating strong interest from traders.
