- Rippleโs CEO has predicted a post-election reset for the crypto industry.
- Both Trump and Harris hold contrasting, yet significant, stances on crypto.
- Regardless of who wins, Ripple believes regulatory progress is inevitable.
At the recent 8th Annual Washington DC Fintech Week, Ripple CEO Brad Garlinghouse shared a bold prediction: no matter the outcome of the upcoming U.S. presidential election, the crypto industry will experience a much-needed “reset.”
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Garlinghouse’s insights revealed a crucial turning point for the regulatory landscape. Both major candidates bring distinct yet pivotal approaches to the table. Despite Kamala Harris’s and Donald Trump’s contrasting stances, Garlinghouse stressed that both figures could facilitate a path forward for crypto.ย
Ripple CEO Defends $10M Donation
Garlinghouse’s comments have sparked conversations within the industry, particularly as Ripple faces backlash over political donations from its co-founder.
Donald Trump and Kamala Harris represent divergent futures for cryptocurrency in the U.S. Trump has positioned himself as an early supporter, embracing a crypto-friendly narrative to capture voters who value financial innovation.
In contrast, Harris has been more discreet, yet Garlinghouse highlights her “constructive” stance, shaped by her ties to Silicon Valley, which could result in progressive regulation for the industry.
Ripple co-founder Chris Larsen’s $10 million XRP donation to Harris has intensified debate within the crypto community, leading figures like Nic Carter to label the move as “baffling.” However, Garlinghouse defended the right to support any candidate, reiterating Ripple’s neutral stance while underscoring the importance of the upcoming election for the industry.
Ripple’s Legal Fight Nears Critical Turning Point
As Ripple continues to fight its legal battles, Garlinghouse expressed optimism that an XRP ETF is on the horizon. The success of Bitcoin ETFs, which have drawn billions in investments, suggests growing institutional demand for crypto-related financial products.
Garlinghouse remarked that XRP’s inclusion in the ETF space is inevitable, especially as companies like Bitwise Asset Management seek SEC approval for an XRP ETF. However, the ongoing regulatory uncertainty surrounding Ripple’s SEC lawsuit has created hesitation among some investors.ย
A successful resolution of these challenges could pave the way for XRP to strengthen its position within institutional portfolios.
On the Flipside
- Rippleโs political neutrality contrasts with co-founder Chris Larsenโs $10 million donation to Kamala Harris.
- Trumpโs aggressive crypto stance has drawn support from conservative crypto enthusiasts.
- The SECโs regulatory actions against Ripple continue to cloud XRPโs future in the U.S.
Why This Matters
The outcome of the U.S. election could define the future of crypto regulation. Whether itโs Kamala Harris or Donald Trump, both candidates offer paths toward progress, and this reset could remove barriers that have stifled innovation. For investors, the clarity and regulatory framework that follow the election will dictate how crypto can thrive in the U.S. market.
To learn more about why Brad Garlinghouse believes an XRP ETF is on the horizon, read here:
Why Ripple’s Brad Garlinghouse Thinks an XRP ETF Is Inevitable
Curious about the impact of Ripple’s $1 million donation on XRP holders? Read here to learn more:
Rippleโs $1M Donation: Why It Wonโt Impact XRP Holders
