During a recent appearance on Fox News, Ripple’s chief executive, Brad Garlinghouse, spoke about the aftermath of Donald Trump’s victory in the 24 US presidential elections.Although it has been just a week or so after it became official that the next US president will be the self-proclaimed ‘,’ Donald Trump, the effects on the digital asset industry are more than evident, with the total market cap adding more than $800 billion and reaching a new all-time high of over $3.2 trillion.
According to Ripple’s CEO, this is because the US crypto industry was attacked ‘for years’ by the former administration and the Gensler-led Securities and Exchange Commission. Recall that the agency hasHowever, Gensler and the Commission have failed to specify the exact nature of crypto tokens and why are they supposed to be considered as securities.
Now, though, the landscape seems entirely different, Garlinghouse added, given that the so-called war on crypto will probably end under Trump’s administration, and, especially after Gensler “Since election day, the best performing crypto assets are all US companies or US technologies. This shouldn’t be a surprise. The United States SEC has been manipulating and putting pressure on these US companies and US technologies, and now that pressure comes off, and they explode upwards.” – he, rumors started to appear that Garlinghouse also met with Trump or some of his future representatives about his potential involvement in establishing crypto policy in the US.
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