As a seasoned cryptocurrency investor with a keen eye for market dynamics and a deep respect for the decentralized ethos of this revolutionary technology, I find myself both intrigued and somewhat amused by the recent turn of events involving Ripple Labs and their CEO, Brad Garlinghouse.
As a researcher, I’ve been observing the buzz surrounding Ripple Labs and its CEO, Brad Garlinghouse, who’s been under scrutiny following whispers about a recent meeting between him and the President-elect. These speculations have been spreading like wildfire on social media platforms.
In reaction to the rumors, Ryan Selkis, the former CEO and founder of Messari, stated: “Brad Garlinghouse is promoting XRP (XRP) and CBDC projects.” These remarks were later shared by Pierre Rochard, who serves as the vice president of research at Riot Platforms.
Richard aligned with Selkis and penned, “We should prevent Ripple from dominating the U.S. policy-making arena with their pro-anti-bitcoin stance.” He also expressed a wish for the incoming President to surround himself with more individuals who are knowledgeable about Bitcoin in his cabinet.
As an analyst, I speculate that the whispered encounter between the Ripple CEO and President Trump may have served as a significant driving force behind the recent upward trend in XRP prices. This surge has been impressive, with the value of XRP, Ripple’s native currency, leaping by double-digits.
Garlinghouse is optimistic about the future under Trump
In a recent interview on Fox Business, Garlingouse declined to comment on the alleged meeting with Trump. Yet, he remained optimistic about the cryptocurrency sector’s prospects during the Trump presidency.
“The crypto industry has embraced Trump; Trump has embraced the crypto industry. I think it’s very genuine, and I think he sees the opportunity, he sees innovation, he sees entrepreneurship — I am very excited about what the future holds.”
The CEO of Ripple Labs expressed that he wasn’t surprised by the favorable reaction in the cryptocurrency markets following Donald Trump’s election on November 5. Garlinghouse attributed this hostility primarily to the unfavorable stance of Securities and Exchange Commission (SEC) Chairman Gary Gensler towards the crypto industry, which he believes is stifling U.S.-based crypto projects.
On his inaugural day, President-elect Trump pledged to dismiss Gary Gensler, a move that garnered broad approval from the cryptocurrency sector and financial backers.
18 U.S. states, such as Nebraska, Tennessee, Wyoming, Kentucky, West Virginia, Iowa, Texas, Mississippi, Ohio, Montana, among others, have filed a lawsuit against Gensler, citing that he has breached state rights by exhibiting excessive government control over the crypto industry, which they claim is an instance of “excessive government overreach.
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2024-11-17 00:34