Ripple CEO Brad Garlinghouse predicts a crypto reset after the US election, and addresses the XRP company ongoing legal battle with the SEC.

Ripple CEO Brad Garlinghouse predicts a reset for the crypto industry, regardless of the US Election outcome. Speaking at the 8th Annual Washington DC Fintech Week, Garlinghouse criticized the current Biden administration as “hostile” toward the crypto industry. He noted that a “reset” is expected, regardless of a Donald Trump or Kamala Harris presidential win.

Ripple CEO Predicts Crypto Shift After US Election, Criticizes Biden Administration

In a recent appearance at the Washington DC Fintech Week, Ripple CEO expressed optimism about better crypto regulations after the US election. Garlinghouse stated that the crypto industry would experience a “reset” no matter which candidate wins.

The CEO emphasized that both presidential candidates, Kamala Harris and Donald Trump, have taken contrasting positions on crypto. Trump, according to Garlinghouse, has aggressively supported the crypto sector, while Harris, despite being from Silicon Valley and generally pro-technology, has remained relatively quiet on the topic.

“I think no matter what happens, we’re going to see a reset, we’re going to see forward progress and I am certainly looking forward to that.”

Additionally, Garlinghouse criticized the Biden administration’s approach to cryptocurrency, describing it as “hostile.”

During the same event, Ripple CEO Garlinghouse revealed that Citibank had severed its banking relationship with him due to his involvement in the crypto industry. He explained that Citibank, where he had been a customer for 25 years, gave him only five days to move his funds.

Garlinghouse connected his personal experience to the broader issue of “de-banking” in the U.S. crypto industry. He stated,

“Individuals within the crypto industry are being de-banked, I personally have been de-banked, they said you have five days to move your money.”

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