Ripple’s leader Calls U.S Congress “Most Pro-Crypto” In History

Ripple’s leader, Brad Garlinghouse, called the U.S Congress “the most pro-crypto” in history.

Republicans controlled both chambers for the first time in six years. Mike Johnson, who supports Trump, was re-elected as the first-ballot US House Speaker on Friday by a vote of 218–215. The cryptocurrency community, including the CEO of Ripple, was quick to commend the new administration.

 

Garlinghouse pointed out shortly after the early November elections that US-based cryptocurrency projects had profited the most from Trump’s overwhelming win because the SEC and the Biden administration had stifled many of these ventures.

Additionally, rumors began to circulate that Charles Hoskinson of IOG and the CEO of Ripple had met with Trump to discuss their involvement in the future regulatory framework surrounding the cryptocurrency industry.

Garlinghouse never confirmed those rumors but applauded the incoming administration, including the Republican-controlled Congress.

The XRP army is especially attentive to the SEC’s changes. The agency and Ripple were engaged in a four-year legal battle that was far from over. However, with his departure in some days and Trump’s pro-crypto choice for new SEC chair.

 

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Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
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