๐จ Ripple CEO Brad Garlinghouse Predicts Major Crypto Reset Post-US Election! ๐จ
๐ Key Highlights from His Recent Remarks:
Crypto Reset: Garlinghouse foresees a significant shift in the crypto industry after the US election, regardless of who winsโwhether it's Donald Trump or Kamala Harris.
Biden Administration Criticism: Garlinghouse didn't hold back, labeling the current Biden administration as "hostile" toward the crypto space, hinting that a change in leadership might bring more favorable regulations.
Support from Trump: While Trump has shown support for the crypto sector, Garlinghouse noted Harris has remained relatively silent despite her pro-tech background from Silicon Valley.
๐ฅ Impact on the Crypto Industry:
Garlinghouse remains optimistic that the industry will reset and progress forward, noting:
> โNo matter what happens, weโre going to see a reset, weโre going to see forward progress and I am certainly looking forward to that.โ
Personal De-banking Experience: Garlinghouse revealed shocking details about Citibank cutting off his banking services due to his involvement in crypto, despite a 25-year relationship. This, he claims, is part of a larger trend of "de-banking" affecting the crypto community.
๐ผ XRP ETF Approval on the Horizon:
Garlinghouse believes an XRP ETF is "inevitable", following the success of Bitcoin ETFs, which saw $17 billion in inflows. Multiple firms have already submitted ETF applications to the SEC, sparking optimism for a crypto market rally once approved.
๐ Ripple vs SEC Update:
The ongoing legal battle with the SEC continues to be a point of contention. While Garlinghouse and Chairman Chris Larsen have settled some charges, critics like lawyer Fred Rispoli argue they missed a key opportunity by not pursuing full dismissal of all allegations.
๐ What's Next?
Experts anticipate that an XRP ETF approval could spark a broader market rally, significantly boosting XRP's price and overall market performance.
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