Donald Trump's election victory has sparked positive expectations at Ripple's leadership. Chief Legal Officer Stuart Alderoty and CEO Brad Garlinghouse expressed hope for favorable changes in cryptocurrency regulation.
Ripple Leadership's Optimism
Stuart Alderoty thanked both campaigns for restoring the democratic process and specifically expressed gratitude to Trump for prioritizing cryptocurrency. Alderoty also called on the new administration to work on regulatory changes to position the U.S. as the crypto hub of the world.
Brad Garlinghouse's Moves
Brad Garlinghouse addressed Trump via social media, suggesting actions for the new administration's first 100 days. He proposed firing current SEC chair Gary Gensler and appointing more crypto-friendly candidates. Garlinghouse also urged the government to clarify that Ethereum, XRP, and Bitcoin are not securities.
XRP's Rise Following Trump's Win
Trump's victory prompted a 4% price surge for XRP. Expectations of a crypto-friendly environment under his leadership might aid Ripple in its fight against the SEC and create favorable conditions for XRP. On the XRP/USD chart, a breakthrough of the $0.55 resistance level suggests further potential growth towards $0.60.
Ripple's leadership remains optimistic about potential cryptocurrency regulatory changes under Trump's leadership. The crypto market already shows faith in Ripple's vision, and efforts to create a clearer regulatory environment may positively impact XRP's growth.
