Brad Garlinghouse, the CEO of blockchain payments firm Ripple Labs Inc., has shared new insights into what the future holds for the crypto industry under Donald Trump. In an interview with Fox Business, Garlinghouse noted that the Biden Administration waged an unlawful war against crypto. He added that in barely two weeks, the market has started unlocking the potential the Trump Presidency has to offer.
Ripple CEO on What The Future Holds
Notably, the Ripple CEO said he is optimistic about the future. Since Kamala Harris’s defeat, industry leaders have become more confident that Donald Trump will help boost clear crypto regulations. Brad Garlinghouse said he is convinced that the crypto industry can finally “move past the unlawful war and shameful political tactics of the Biden Administration.”
The Ripple CEO said, “Crypto embraced Trump,” and this is evident in how the market has responded thus far. Fielding questions from Maria Bartiromo, Brad Garlinghouse shared insights into XRP’s prospects moving forward. He said the US SEC lawsuit against the firm over XRP’s status froze market opportunities for the company.
He said while 95% of the company’s market is outside the United States, he could see a future where the crypto industry thrives in the country. Notably, he reiterated that the US is not necessarily lacking laws, but that the current regulation are unclear and do not fit into the new crypto economy.
Joined @MorningsMaria to discuss a new dawn for crypto in the largest economy in the world under the Trump Administration. The industry has been asking for clear rules of the road for years – and I’m incredibly optimistic for what’s next as we move past the unlawful war and… https://t.co/DEuy0PW462
— Brad Garlinghouse (@bgarlinghouse) November 20, 2024
Lastly, the Ripple CEO said he is confident that the Make America Great Again (MAGA) plan is potentially a Make Crypto Great Again campaign.
Donald Trump is Walking the Talk
Prior to his election victory, Trump formed a pro-crypto transition committee. Tether advocate Howard Lutnick, the co-chair of the committee, will serve as Commerce Sec in the Donald Trump administration.
Most of the appointments from the Trump-Vance duo have largely leaned toward crypto. While the successor to Gary Gensler is yet to be announced, the general expectation is that the US SEC will get a pro-crypto Chairman this time.
President Donald Trump has walked the talk thus far. In line with this, many in the crypto community are also hopeful that the US President-elect would create the Strategic Bitcoin Reserve, which is one of the major highlights of his campaign promises to the community.
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