Ripple 
$0.553838 CEO Brad Garlinghouse discussed the possible effects of Donald Trump’s success in the US presidential election on the cryptocurrency industry in an interview with the BBC. With Trump’s re-election, the crypto industry is expected to make significant gains.
Trump Re-Election and the Crypto Industry
Garlinghouse says Trump’s victory is due to Bitcoin 
$76,601He stated that it contributed to reaching new record levels and XRP making significant gains. Efforts to launch an XRP ETF to include XRP in the mainstream are also on the agenda.
Conclusion of the SEC Case
Ripple CEO highlighted the negative effects of the US Securities and Exchange Commission (SEC) lawsuit against crypto on the industry. He stated that the SEC, led by Gensler, did not provide clarity on regulating crypto.
“Importantly, they do not object to the part of the decision that says XRP is not a security. “So we feel good that XRP is not a security in the United States.”
XRP ETF and Future Plans
Garlinghouse predicts that with Trump’s re-election, there will be a suitable basis for the launch of the XRP ETF. A positive increase in the price of XRP is expected if the SEC case ends.
According to the statement, XRP is currently trading at $0.553 and has increased by approximately 25% in the last 24 hours and 9% this week. Experts state that XRP has the potential to rise up to $2 in this bull market.
Garlinghouse pointed out that the SEC’s characterization of most cryptos as securities is incorrect and that it is important to create rules that will provide clarity in crypto regulations.
He added that countries around the world such as Japan, the UK, Switzerland and Singapore have created clear rules for crypto, allowing regulated businesses to grow.
Ripple CEO argued that removing uncertainty from the SEC’s crypto regulations will support growth in the industry.
Ripple’s future plans include the launch of the XRP ETF and the positive outcome of the SEC case.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
