Garlinghouse hails Trump’s leadership for unlocking $800B in US crypto potential and envisions the US as a global crypto hub.
Ripple CEO Brad Garlinghouse recently shared his views on the future of cryptocurrency in the United States, expressing optimism about the potential impact of Donald Trump’s leadership on the industry. In an interview with Fox Business, Garlinghouse highlighted how US-based assets, including XRP, have seen significant gains since Trump’s election. He also pointed out that a more favourable climate for the regulation may lead to still stronger possibilities for investors.
Garlinghouse painted the recent change in the US crypto environment as revolutionary. He said the industry has struggled with hostility for years and continues to experience regulatory issues. As Garlinghouse pointed out, the previous policy under the Biden administration and SEC Chairman Gary Gensler had been hostile to crypto firms.
He hopes that Trump’s leadership will be the best opportunity for change. “The crypto industry loved Trump, and Trump loved the crypto industry,” Garlinghouse said, pointing at the symbiotic relationship between the two sides. He continued his remarks by stating that he thinks that Trump is indeed friendly towards the sector, which has created optimism about better regulations ahead.
Ripple CEO Garlinghouse Envisions US as Global Crypto Hub with Trump
Garlinghouse likewise highlighted some financial implications of this change as well. He further pointed out that with the alleviation of regulatory aggression, the US crypto market has opened a value of over $800 billion in its price and business prospects. He pointed out that this boost in value occurred after the “war on crypto” spearheaded by Gensler. “What a difference ten days makes,” Garlinghouse said, meaning that the shift has occurred promptly and is significant.
The Ripple CEO also said he envisages the US as the world’s cryptocurrency capital. In his tweet, Garlinghouse recommended that the US could become the global centre for blockchain technology with Trump at the helm. He also echoed that Gensler may be on his way out as the SEC Chairman, a suggestion that may mean a new regime at the commission.
In fact, before the election, Trump made unambiguous statements in support of new technologies such as cryptocurrency. His comments at the Economic Club of New York underscored his commitment to making the US a leader in the crypto space, aligning with Garlinghouse’s vision for the future.
