CEO Brad Garlinghouse Outlines Vision For 2025
In a recent interview with Fox Business, Ripple Labs CEO Brad Garlinghouse shared insights into the so-called “Trump trade” affecting cryptocurrency prices, as evidenced by Bitcoin’s recent consecutive gains. all time high Within the past 48 hours.
Garlinghouse also discussed how Ripple and the broader digital asset industry can adapt to the upcoming regulatory environment That goal is expected to be achieved next year under President-elect Donald Trump.
Ripple CEO optimistic about Trump’s pro-crypto stance
Garlinghouse emphasize Since its inception, Ripple has focused on solving the inefficiencies of traditional cross-border payments, which he described as “slow and expensive.” By leveraging XRP, the company aims to streamline these transactions, making them faster and more cost-effective.
However, the CEO criticized the Biden administrationās stance on digital assets, calling it an āillegal warā against the industry. He expressed optimism about Trump’s policies pro encryption methodthe landscape may be changing.
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When asked about the potential for upcoming regulatory changes to increase revenue opportunities in the United States, Garlinghouse explained that the U.S. Securities and Exchange Commissionās (SEC) lawsuit against XRP effectively āfreezesā Rippleās market potential in the country.
Currently, 95% of Ripple’s customer base is outside the United States, and Garlinghouse noted that the company cannot fully grow in a market with unclear regulations.
Garlinghouse observed that while the cryptocurrency industry is booming in countries such as China, Japan, the United Kingdom and Switzerland, the United States has lagged behind in embracing digital assets.
Ripple CEO expresses hope Deregulation Under Trump, that would lead to clearer guidance that would allow agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) to play a constructive role in shaping the industry.
Garlinghosue criticized the existing regulatory framework, particularly the application of the Howey test, which he believed failed to adequately address the unique characteristics of the cryptocurrency industry. He also stressed the need to update regulations to reflect the realities of an industry that has grown significantly over the past decade.
The United States will become a digital asset hub in the next few years
In the interview, Fox Business Channel highlighted Coinbase Chief Policy Officer Faryar Shirzadās comments about Trumpās private meeting with Coinbase CEO Brian Armstrong.
Sherzad pointed out trump card Expressing a willingness to participate in the crypto industry, fostering the vision of the United States becoming a global leader in digital assets. Garlinghouse echoed these sentiments and recognized the influential role Coinbase played in championing the cryptocurrency agenda during the campaign.
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As speculation grows about potential candidates SEC Chairmanship Under Trump ā with names like Dan Gallagher, Teresa Goody and Commissioner Mark Uyeda surfacing ā Gallinghow Si stressed the importance of the new chairman working with Congress to address regulatory loopholes that lead to market disruption.
Garlinghouse ended up being optimistic about the prospects, stating that he believes the United States is about to usher in a new era of cryptocurrency. He expects the country to become a central hub for digital assets and blockchain technology within the next five to ten years.
As of this writing, XRP is trading at $1.10, marking a massive 104% rise in just two weeks since Trumpās election victory. However, the coin is still trading 67% below its all-time high of $3,040 reached nearly seven years ago.
Featured images from DALL-E, charts from TradingView.com
