Recently, Ripple CEO Brad Garlinghouse shared that the closure of the SEC case has drawn increased attention from major institutions to Ripple and XRP. More details in our article.
Impact of Trump's Policy on Crypto
A key reason for the renewed interest is Donald Trump's support for cryptocurrency. Since his return to the political scene, he has implemented orders aimed at boosting the digital finance sector and establishing a Strategic Bitcoin Reserve. These actions have instilled confidence in investors and institutions, fostering optimism within the crypto world.
Renewed Interest in Ripple and Blockchain Solutions
For years, Ripple has mainly operated outside of the US due to legal and regulatory hurdles. However, with the SEC case behind them, American institutions have shown a growing interest in Ripple's blockchain solutions. Garlinghouse noted that post-Trump's election, the company signed more deals in the US than in the previous six months. This significant shift reflects a willingness among banks and institutions to embrace new technologies.
Need for Legislative Clarity
While Trump's executive orders are beneficial, long-term progress requires legislative clarity. Garlinghouse praised lawmakers like Senator Cynthia Lummis and Congressman French Hill for their efforts in advancing crypto-related bills. He emphasized the importance of legislative changes for the industry's full development.
With the SEC case now closed, Ripple expects increased adoption of blockchain financial services in the US, promoting job creation and capital formation.
