Brad Garlinghouse, Ripple CEO, informs the XRP community of the positive development that Donald Trump has nominated Scott Bessent to serve as the US Treasury Secretary.
Brad Garlinghouse, Ripple CEO, has disclosed additional advantageous information to the XRP community. The crypto community, including Garlinghouse, is now optimistic about XRP and the conclusion of the SEC lawsuit, as US President-elect Donald Trump has selected his Treasury Secretary. Scott Bessent is the ideal candidate, according to Ripple CEO Garlinghouse.
Scott Bessent is nominee for US Treasury Secretary position under Donald Trump
Scott Besent has been proposed by the incoming US President, Donald Trump, to serve as the head of the US Treasury Department.
The proprietor of Key Square Group, a hedge fund manager, is the new Treasury Secretary. He is recognized for his renowned short wager against the British pound in 1992, which occurred while George Soros employed him.
The selection of the US Treasury chief was one of Trump’s most critical decisions, as Wall Street closely monitored the drama. Marc Rowan, the CEO of Apollo Global Management, and Kevin Warsh, the former Federal Reserve Governor, were both candidates for the position.
According to Reuters, Trump wrote on Truth Social, “Scott is widely respected as one of the world’s foremost international investors and geopolitical and economic strategists.”
Scott Bessent was appointed by President Trump to lead the Treasury Department, prompting a bullish reaction from both Wall Street and the crypto market. Bessent is optimistic about the policy of crypto adoption; however, investors are eager to learn more about his perspective on fiscal policy and the subsequent steps.
Brad Garlinghouse, Ripple CEO, expresses his admiration for Trump’s selection of a Treasury Secretary
Brad Garlinghouse, the CEO of Ripple, expressed his satisfaction with Scott Bessent’s appointment as the Treasury Secretary on X. He stated, “I am hesitant to advance too far ahead of myself, but…” Scott Bessent is the optimal choice. He asserts that Bessent will be the most pro-innovation, pro-crypto Treasury Secretary ever to be seen.
In addition to Charles Hoskinson, John Deaton, Matthew Sigel, and David Bailey, other crypto executives and experts responded favorably.
John Deaton, a lawyer who advocates for XRP, stated that the Trump transition team must now ensure that the SEC Chair is adequately appointed, as we are on the brink of entering the Digital Age of Innovation. In the meantime, Jeremy Hogan, a lawyer who advocates for XRP, foresaw a potential conclusion timeline for the Ripple SEC case.
XRP Price increased by more than $1.60 due to the positive sentiment by the Ripple CEO
Ripple CEO and Cardano inventor Hoskinson’s optimistic responses precipitated an additional increase in the prices of XRP and ADA. Donald Trump’s forthcoming nominations are currently the focus of all attention.
The price of XRP has increased by over 60% over the past week, with a 12% increase in the past 24 hours. The 24-hour peak for XRP was $1.62, and trading volume increased by 22%. Popular analysts anticipated a $2 price target for XRP.
The price of ADA has increased by 22% in the past 24 hours, surpassing $1. The low and high of the 24 hours are $0.856 and $1.140, respectively. Additionally, the trading volume has surged by 130% in the past 24 hours, suggesting significant interest among traders.
