In a recent interview with Fox Business, Ripple CEO Brad Garlinghouse praised Trump’s potential impact on cryptocurrency. Specifically, he stated that US assets such as XRP have increased significantly since the election and that the future of friendly regulations offers great investment potential.
Garlinghouse also stated that the US cryptocurrency industry has unlocked $800 billion worth of value and business opportunities.
Garlinghouse: Optimistic about Trump
Brad Garlinghouse, CEO of Ripple, recently appeared in one interview with Fox Business, discussing opportunities in the cryptocurrency industry under Trump’s second term. When asked, Garlinghouse neither confirmed nor denied that he has met with Trump since the election, but he was optimistic about the Trump administration’s pro-crypto move.
“What a difference ten days can make! For many years, in the US, we have been facing an attack on the cryptocurrency industry. It was like a war. The crypto industry has welcomed Trump, and Trump has welcomed the crypto industry… I think he is very sincere. I am really excited about what the future will bring,” Garlinghouse declared.
Liz Claman, the Fox host who conducted the interview, mentioned the recent price rise of XRP, which Garlinghouse used as a launching pad. Specifically, he pointed out: “Since Election Day, the best-performing crypto assets are all American companies or American technology.” This answer may or may not include Bitcoin, as many people assume that Satoshi was American.
However, there are more obvious examples that Garlinghouse discussed. Anticipating the regulatory change, Robinhood listed several US assets such as Ripple or Cardano, both of which saw large gains. Additionally, Solana also falls into this category, as Solana Labs was founded in San Francisco. However, it is unclear where Ethereum fits into this picture.
Garlinghouse is quite clear in his assessment of these optimistic developments: the US market expects a friendlier regulatory environment. He greeted the recent 18-state lawsuit against the SEC with the phrase “come to the party,” and also mentioned excitement over Gary Gensler’s impending retirement. These could be changes that have the potential to transform entire industries.
All in all, Garlinghouse has made a clear and optimistic argument for crypto under Trump, with a substantial foundation and easy-to-understand data. He claims that ending Gary Gensler’s “war on crypto” has unlocked $800 billion in value in the US cryptocurrency industry through pure price value and business opportunity.
“America has finally unlocked this hostility. I’m surprised they didn’t do it sooner, but I’m glad they did it now,” Garlinghouse concluded.