Donald Trump’s victory in the US presidential election may end the case between Ripple (XRP) and the SEC.
Trump, who has a positive view of the crypto industry and says he will make Bitcoin a strategic reserve in the USA, became the 47th president of the USA. Many industry players, notably Ripple’s CEO, celebrated Trump’s victory.
Sharing a post on X on November 5, Ripple CEO Brad Garlinghouse said:
“For all doubters: crypto voters are here to stay, loud and clear!”
Garlinghouse cited the inclusion of pro-crypto candidates in both parties within the government. Ripple’s CEO congratulates pro-crypto candidates Bernie Moreno, Richie Torres, Kirsten Gillibrand and Andy Barr.
Trump’s election was interpreted in favor of Ripple.
Donald Trump Brings Hope to Ripple (XRP)
Republican presidential candidate Donald Trump made important statements about the crypto industry during the election cycle. Trump specifically said he would fire SEC Chairman Gary Gensler, who had control over Ripple and Coinbase. As a matter of fact, euphoria prevailed on the wave front with the hope that Trump, who won the election, would fulfill his promises.
Ripple CEO Garlinghouse asserts that pro-crypto candidates will govern America. The famous CEO said that the industry will improve and crypto-friendly regulations will be made.
Coinbase CEO Brian Armstrong, who has been on the SEC’s radar, was among those celebrating Trump’s victory. Armstrong noted that pro-crypto Moreno won the Ohio Senate race against anti-crypto Sherrod Brown. coin base boss, “Having anti-crypto is just bad policy.” He commented on her looks.
The crypto industry’s only disappointment was XRP supporter John Dayton’s loss to Senator Elizabeth Warren.
Coinbase CLO Paul Grewal, another name celebrating Trump’s win, had the following to say about the anti-crypto judges;
“I predict that at least a few Supreme Court justices will now feel free to make retirement plans.”
The US Court of Appeals has ruled that the SEC has until January 15, 2025 to file a summary in its ongoing case with Ripple. Trump’s victory was interpreted as a sign that the SEC may take a step back in the XRP case.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
