Ripple CEO Brad Garlinghouse hinted at meeting Donald Trump after the US 2024 election results were announced. Expressing his optimism for the upcoming congress, Garlinghouse mentioned on Fox News that The USA “finally has a crypto president”.
Garlinghouse’s optimism has also been echoed by XRP prices, which are up over 21%. At press time, the token is trading at $0.9704, up 20.96% from the same time last day.
Brad Garlinghouse Takes a Jib At The US SEC
In the interview, Garlinghouse also mentioned how the election of Donald Trump has made many in the crypto world happy, given that Trump has vouched to replace the SEC chair.
There has long been a love-hate relationship between SEC chair Gary Gensler and the crypto sector since the SEC has been so insistent about not recognizing digital assets. Trump has clarified in his comments that he intends to make the United States a hub for Bitcoin.
Gensler’s battles with Ripple and XRP alongside his hesitation for virtual assets had kept the price and sentiments pressured. However, with Donald Trump coming back to power, XRP investors likely are seeing an optimistic bull run.
Brad Garlinghouse Gives Credits To Crypto World For Trump’s Success
Brad has also made comments about how the crypto industry has likely supported Donald Trump during his presidential campaign. The result of this was quite visible with the results that came out.
Official data indicates that 14 pro-crypto senators and more than 240 pro-crypto house representatives were elected this time in the US 2024 elections.
Furthermore, many people are still upset about the actions performed by the Biden administration during their tenure, such as the recording of power usage during cryptocurrency mining activities or the ongoing dispute between the SEC and other cryptocurrency companies.
The same opinion was voiced out by Joe Lubin, the CEO of ConsenSys, who recently voiced confidence that many SEC investigations against cryptocurrency companies could soon be canceled or settled.
The cryptocurrency sector is hopeful that regulations will improve in the future. The industry is now expecting for more crypto-friendly laws after years of conflict with the Securities and Exchange Commission (SEC).
XRP Price Rises: What Do Market Parameters Say?
With all the optimism around Trump’s victory, the overall crypto market has been afloat for the past couple of days. With this growing optimism, XRP’s Fear & Greed Index is at 80 (Extreme Greed), and the sentiment at the moment is bullish.
During the past 30 days, XRP has experienced 13.26% price volatility and 18/30 (60%) green days. The general mood of the price prognosis of XRP is positive with market parameters showing that 29 parameters are showing bullish signs, while four indicate bearish indications.