Ripple CEO Brad Garlinghouse Shares Insights on Crypto Industry Under Trump Administration

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Brad Garlinghouse, CEO of Ripple Labs, shared his new perspectives on the future of the cryptocurrency industry during an interview with Fox Business. He expressed concerns regarding the Biden Administration’s perceived unlawful war against crypto, suggesting that the market began to realize its potential during the Trump era.

Garlinghouse’s Optimism for the Future

Garlinghouse maintained his optimism for the industry’s future. Following Kamala Harris’s defeat, he noted that industry leaders gained more confidence in Trump’s ability to support the sector through clear crypto regulations. He believes the crypto industry can move beyond the policy tactics of the Biden Administration.

Garlinghouse emphasized how “crypto embraced Trump,” highlighting the market’s response to this support.

Before his election victory, Trump formed a pro-crypto transition committee. Vice president of the committee, Howard Lutnick, is set to serve as Secretary of Commerce under the Trump administration. Observations suggest that most appointments made by the Trump-Vance duo are crypto-friendly, enhancing optimism for cryptocurrency investors for the next four years.

Ripple’s Strategy and Expectations

Garlinghouse pointed out that 95% of Ripple’s market exists outside the United States, but he anticipates the growth of the crypto industry within the U.S. during Trump’s tenure. He mentioned that the ongoing SEC lawsuit related to XRP has hindered the company’s market opportunities, emphasizing the lack of clarity in existing regulations and their failure to adapt to the new crypto economy.

“Crypto was expecting clear rules under Trump’s leadership, and I am extremely optimistic about the future.” -Garlinghouse

Finally, Garlinghouse expressed his belief that the Make America Great Again (MAGA) plan could potentially evolve into a Make Crypto Great Again campaign. Ripple and the broader crypto industry could make significant strides as regulations in the U.S. become clearer, strengthening their assets in international markets while creating growth opportunities locally.

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