Ripple might just be getting ready to ride the wave of a crypto-loving Congress!
With a bit of drama and some nail-biting moments, the 119th US Congress has now officially taken the stage, and here's the kicker—Republicans are in the driver's seat for the first time in six years.
In a move that many saw coming, Mike Johnson, backed by none other than Trump, snagged the position of US House Speaker with a close 218-215 vote.
The crypto community is buzzing with excitement over this new political lineup. Even before Trump himself steps back into the spotlight later this month, Ripple's CEO is already singing praises for the incoming crew.
“Today's the day, folks! The 119th Congress is here, and it’s being called the most crypto-friendly Congress ever. We've got a long road ahead, but the buzz in the industry is undeniable. Time to roll up our sleeves and get to work!” – says Brad Garlinghouse.
Following the November elections, Garlinghouse pointed out that US-based crypto projects saw a significant boost from Trump’s massive win. He mentioned how the previous administration and especially the SEC had put a damper on many crypto businesses, but those days might soon be over. Just look at how XRP and ADA prices have shot up!
There’s also chatter that Garlinghouse and Charles Hoskinson from IOG might have had some chit-chats with Trump or his team about shaping the future regulations for the crypto world. While these whispers haven't been confirmed by Garlinghouse, he's been quite vocal in his support of the incoming administration and the Republican-led Congress, calling it “the most pro-crypto” ever.
The XRP community has its eyes peeled on any changes within the SEC. Ripple’s been battling it out with the agency for four years now, and it seemed like a never-ending saga under Gensler. But with him stepping down soon and Trump’s supposedly pro-crypto pick for the new SEC chair, folks are hopeful this case might finally wrap up in Ripple's favor. Hold onto your hats; it’s going to be an exciting ride!
