Brad Garlinghouse, CEO of Ripple Labs, envisions the crypto industry thriving under the Donald Trump government with clear regulations.
During an interview with Fox Business, Brad Garlinghouse, CEO of Ripple Labs Inc., recently shared his outlook on the crypto industry’s future under President Donald Trump.
Garlinghouse criticized the Biden Administration’s “unlawful war against crypto” and expressed optimism about a new era of clear regulations and growth opportunities with Trump in office.
He noted the market’s positive response to Trump’s presidency within two weeks of Kamala Harris’s defeat.
Optimism for the Crypto Industry
Garlinghouse highlighted a renewed confidence among industry leaders, stating that Trump’s presidency could provide the regulatory clarity the sector has long sought.
Reflecting on Ripple’s challenges, including the U.S. SEC’s lawsuit over XRP’s classification, he remarked that these legal battles stifled market opportunities.
However, he sees hope for the crypto industry to thrive in the U.S. once clear and fitting regulations are established.
“The U.S. doesn’t lack laws; it lacks clarity. Current regulations don’t align with the new crypto economy,” Garlinghouse explained.
He also expressed confidence that Trump’s “Make America Great Again” agenda could translate into a “Make Crypto Great Again” initiative.
Trump’s Pro-Crypto Actions
Donald Trump has already demonstrated his support for the crypto industry. His pro-crypto transition committee, co-chaired by Tether advocate Howard Lutnick, has signaled his administration’s intent.
Lutnick is set to serve as Commerce Secretary, while other appointments under the Trump-Vance administration have also leaned toward crypto-friendly figures.
Although the successor to Gary Gensler as SEC Chair has not yet been announced, the industry anticipates a more crypto-friendly approach.
Many in the community hope that Trump will follow through on campaign promises, including creating a Strategic Bitcoin Reserve to bolster the U.S.’s position in the crypto economy.
Ripple’s Prospects and Market Reactions
During the interview, Garlinghouse pointed to Ripple’s global market dominance, with 95% of its business outside the U.S., as evidence of crypto’s potential.
However, he expressed optimism about the possibility of a thriving domestic crypto sector under improved regulatory conditions.
“The crypto market has embraced Trump,” he said, pointing to the industry’s rally as evidence of growing investor confidence in the administration’s pro-crypto stance.
Ripple and other blockchain firms are hopeful that Trump’s policies will create an environment where the U.S. can reclaim its position as a global leader in the crypto space.
