Ripple CEO Brad Garlinghouse celebrates crypto candidates and Donald Trump’s win in the 2024 presidential election. Crypto candidates like Bernie Moreno, Ritchie Torres, Kirsten Gillibrand, and Andy Barr won the election. The crypto company’s hand was strengthened in the Ripple and SEC case due to regulatory clarity. It is possible that this could also be a trigger for XRP Coin.
Cryptocurrency became the winner of the 2024 US elections!
Ripple CEO Brad Garlinghouse shared his excitement over the victories of pro-crypto candidates in the recent US elections. Garlinghouse drew attention to Stand with Crypto’s data. In this context, he noted that “cryptocurrency voters have spoken decisively.” This election season has been a major win for crypto supporters. Garlinghouse; He cheered for candidates like Bernie Moreno, Ritchie Torres, and Kirsten Gillibrand, all of whom have been vocal on crypto issues. Their victories give hope for more balanced and supportive regulations for the sector.
The crypto community has also faced some setbacks, such as John Deaton’s loss to Senator Elizabeth Warren. However, the overall mood remains positive. Many are hopeful that the new Congress will push for clearer regulations that will benefit the crypto market. cryptokoin.comAs you follow from , Donald Trump has long made promises to address crypto concerns. However, the next steps will show whether the administration will fulfill this.
A turning point in the Ripple and SEC case?
Trump’s victory is also important for the Ripple and SEC case, which has been on the agenda of the market for a long time. The SEC has created a huge challenge not only for Ripple but for the entire crypto industry. Garlinghouse’s comments suggest the new Congress could bring the regulatory clarity Ripple has been waiting for. It is possible that Trump, who has discussed replacing SEC Chairman Gary Gensler, will play a key role in changing the regulatory environment. Therefore, the leadership change at the SEC could positively impact Ripple’s legal fight.
Coinbase’s Chief Legal Officer Paul Grewal also hinted that the SEC’s influence would diminish if pro-crypto leaders take action. Indeed, Congress is now more open to discussing crypto. So it’s possible that the Ripple case will get the attention it needs. Garlinghouse expressed hope that the SEC understands why this political shift has occurred. In his view, voters wanted change and they are getting it.
How will the US election results affect Ripple and SEC litigation?
According to experts, Trump and pro-crypto candidates will help crypto and Bitcoin adoption. During the election campaign, Donald Trump promised to fire SEC Chairman Gary Gensler. It’s possible that the SEC without Gensler will soon end the Ripple and SEC case and bring crypto regulatory clarity. “I predict that at least a few Supreme Court Justices are now free to make retirement plans,” said Coinbase CLO Paul Grewal.
The bipartisan appeal of crypto politics stems from the fact that crypto voters are no longer limited to a single political party. According to the latest data, the Republican Party has captured the majority in the US Congress. Recently, Ripple CEO Brad Garlinghouse shared the good news that institutional interest in XRP products continues to grow as the US SEC loses its credibility and reputation. This shows that the XRP ETF launch is near
