Brad Garlinghouse, CEO of Ripple, envisions a booming future for the U.S. cryptocurrency sector, driven by a shift in regulatory attitudes and XRP’s remarkable market performance.
A “Crypto President” Sparks Optimism
In a recent Fox Business interview, Garlinghouse expressed excitement about President-elect Donald Trump’s apparent embrace of the cryptocurrency industry. He highlighted Trump’s alignment with crypto innovation and entrepreneurship, which he believes marks the end of restrictive oversight from the U.S. Securities and Exchange Commission (SEC).
“We finally have a crypto president,” Garlinghouse stated. “The crypto industry has embraced Trump, and Trump has embraced the crypto industry. This is a turning point.”
XRP Leads the Charge
Garlinghouse pointed to XRP’s stellar growth as a reflection of the crypto sector’s resurgence. Since election day, XRP has risen over 70%, making it one of the best-performing assets in the space. He attributed this surge to the lifting of regulatory pressure that had previously stifled U.S.-based crypto companies and technologies.
“The SEC’s manipulation and overreach are being rolled back, and now these companies are thriving,” Garlinghouse explained. “The market went from $2.2 trillion to nearly $3 trillion, representing an $800 billion unlock.”
Ripple’s Fight for Fair Regulation
Garlinghouse emphasized Ripple’s ongoing battle against SEC overreach, which culminated in the company spending over $150 million in legal efforts. He welcomed recent developments, including a lawsuit filed by 18 Republican attorneys general against the SEC, which he sees as validation of Ripple’s longstanding fight for fair treatment.
He also celebrated Robinhood’s decision to re-list XRP, viewing it as a sign of the shifting regulatory landscape.
Looking ahead, Garlinghouse expressed confidence in a future where innovation takes center stage and the era of “regulation through enforcement” comes to an end.
“It’s a totally new day, and I could not be happier,” he concluded.
