Ripple bets strong on U.S Economy

Brad Garlinghouse, CEO of Ripple, says that regardless of the outcome of the US election, the crypto industry will undergo a reset. Garlinghouse called the current Biden administration “hostile” to the cryptocurrency industry in his remarks at the 8th Annual Washington DC Fintech Week.

He said a “reset” is expected regardless of whether Donald Trump or Kamala Harris is elected president. The CEO of Ripple voiced optimism about better crypto regulations after the US election. Garlinghouse foresaw a “reset” in the cryptocurrency industry regardless of the election outcome. The CEO emphasized that the two presidential candidates, Donald Trump and Kamala Harris, have different views on the crypto industry. Although Harris is a native of Silicon Valley and generally pro-technological, Garlinghouse asserts that Trump has actively supported the cryptocurrency industry.

Garlinghouse disclosed at the same event that Citibank had canceled their banking arrangement with him because of his involvement in the cryptocurrency sector. He clarified that he had been a Citibank customer for 25 years, but they had only given him five days to transfer his money. Garlinghouse linked the larger problem of “de-banking” in the United States to his own experience. S. . the cryptocurrency sector. He said, “People in the cryptocurrency sector are being de-banked; I was de-banked myself, and they gave me five days to transfer my funds.”.

The XRP ETF’s approval may cause the cryptocurrency market to soar, and Bitwise’s updated Ripple ETF filing bolsters investor confidence. Experts predict that this decision will affect the price of XRP and the cryptocurrency market overall.

Despite the complexity of the ongoing Ripple v. SEC litigation, Brad Garlinghouse, the CEO of Ripple, voiced confidence. Attorney Fred Rispoli recently reprimanded Garlinghouse and Chris Larsen, the chairman of Ripple, for their partial settlement with the SEC. They were denied the opportunity to ask for the full withdrawal of all charges.