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Meeting with Trump to discuss cryptocurrency policies? Ripple CEO's intriguing response sparks XRP surge
The upcoming change in the chairman of the U.S. Securities and Exchange Commission (SEC) brings a glimmer of hope to the long-standing 'XRP case', and just as XRP is experiencing a big pump, Ripple CEO Brad Garlinghouse's intriguing response to the rumor that 'he met with Trump' further ignites market enthusiasm, leading to a 100% expansion in XRP's weekly surge.
Ripple CEO Brad Garlinghouse spoke with Fox Business last week about his thoughts on Trump's win in the US presidential election, and was asked about speculation that 'he met with Trump and discussed cryptocurrency policy after the election'.
In response, Brad Garlinghouse neither admitted nor denied, simply pointing out, "I don't intend to discuss too many details," but the host believed that his response was equivalent to "implicit confirmation," and said, "In my opinion, this is an affirmative response."
However, there is no evidence to confirm that the two have met, and Brad Garlinghouse himself emphasized that he actively participated in this year's election and focused on supporting Crypto Assets innovation and establishing clearer regulatory policies.
Brad Garlinghouse said, 'We have always supported crypto assets and emphasized innovation.' He believes that Congress and the new government should recognize the new opportunities brought by crypto assets and move towards more transparent regulatory policies.
He also criticized the current practice of 'enforcement instead of regulation' in the United States, calling for reform, and believes that if Gary Gensler, Chairman of the SEC, steps down, it will help create a more friendly environment for the cryptocurrency market. He added, 'The cryptocurrency industry supports Trump, and Trump embraces us, this is sincere.'
XRP coin has risen over 70% since election day, and the best performing encryption assets are all American companies or American technology, which should not come as a surprise.
The legal battle between XRP company and the US SEC is still ongoing, and the institution recently attempted to appeal a partial ruling by District Judge Analisa Torres. However, if Gary Gensler does step down, it may affect the direction of this case.
According to CoinGecko's market price, XRP rose 11.6% to $1.17 today (18th), with a weekly increase of 102.7%.
"Meeting with Trump to discuss cryptocurrency policy? Ripple CEO's intriguing response sparks XRP surge" This article was first published in "Block Journal".