Ripple and XRP could face a turning point as new pro-crypto regulatory shifts promise renewed hope and potential resolution to years-long legal battles.
XRP’s Future: Ripple CEO Hints at a New Chapter on the Horizon
Ripple CEO Brad Garlinghouse shared his views on social media platform X Friday, highlighting potential regulatory shifts for cryptocurrency under President-elect Donald Trump. The executive discussed how a new administration could reshape the U.S. Securities and Exchange Commission (SEC) and influence Ripple’s legal battle over XRP.
He praised the XRP community for its resilience, stating: “I’ve shared some thoughts on what the Trump administration could mean for crypto and wanted to also recognize the XRP family’s patience and unwavering support.” Reflecting on XRP’s path from the second most valuable digital asset to a protracted regulatory dispute, Garlinghouse acknowledged: “A lot has happened since XRP was the 2nd most valuable digital asset. It’s been – at times – a frustrating journey.”
Garlinghouse noted: “~6 years since the SEC started meddling in the crypto market, picking winners and losers… ~4 years since the SEC sued Ripple.” He opined:
Now FINALLY we see a light at the end of the tunnel as these external (frankly unnatural and manipulative) market factors fade. The tides are shifting, headwinds are turning to tailwinds, and the opportunity for those of us who believe in the future for XRP is enormous!
Trump’s stance on cryptocurrency is seen as notably supportive, with a focus on encouraging industry growth. He has pledged to remove SEC Chair Gary Gensler on his first day in office, and Garlinghouse, along with many in the industry, sees this as a possible turning point. Known for his strict “regulation-by-enforcement” approach, Gensler has faced criticism from multiple industry figures, including Coinbase’s Chief Legal Officer Paul Grewal, who envisions a more focused SEC approach to fraud, not sweeping sector crackdowns, under Trump. Grewal anticipates that such a shift could lead to clearer and more cooperative regulatory engagement, rather than a series of lawsuits against crypto companies.
Source: news.bitcoin.com.
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