Ripple 
$0.528099 CEO Brad Garlinghouse announced that he predicts that the crypto industry will enter a “reset” process regardless of the US election results. In his speech at Washington DC Fintech Week, he stated that the current Biden administration is not friendly with the crypto industry. Despite this, he emphasized that the sector will continue to develop.
“Election Results Will Not Affect Crypto”
Garlinghouse touched on Donald Trump and Kamala Harris’ different approaches to crypto. He said Trump strongly supports crypto. He added that Harris has a positive view of technology in general, but said less about crypto.
CEO, Bitcoin 
$66,872 He noted that his ETFs quickly attracted billions of dollars in investments. He also stated that he thinks XRP ETF approval is inevitable. He said that companies such as Bitwise Asset Management have made applications in this direction and that this approval will have positive effects on XRP prices and the crypto market.
Ripple – SEC Challenge
Despite Garlinghouse’s optimism about the XRP ETF, Ripple’s legal process with the SEC continues. Attorney Fred Rispoli criticized Garlinghouse and Ripple President Chris Larsen for reaching a partial settlement with the SEC. He argued that they should have done more to have all charges removed.
Garlinghouse also touched upon the problems he had with banks through his personal experiences. He announced that Citibank ended its banking relationship with him due to his ties to crypto. The CEO, whose 25-year customer relationship ended, stated that people in the crypto industry were removed from banks.
It was pointed out that the current policies of the USA put pressure on the crypto industry. However, the sector is expected to grow healthily in the future as the regulatory framework becomes clearer. Garlinghouse emphasized that he believes in the adaptation process in the industry.
Crypto Regulations
While Garlinghouse acknowledged that crypto markets are affected by political and legal factors, he said that the sector is open to change. These comments about the future of blockchain and crypto assets reveal the opportunities and challenges ahead for the industry. Industry leaders say clear regulations are needed for sustainable growth.
“We’re going to have a reset no matter what, and I’m glad we’re moving forward,” Garlinghouse said.
These statements by Ripple CEO offer important clues about the future of the crypto industry. Regardless of political changes, the sector is expected to enter a restructuring process. It is anticipated that the approval of the XRP ETF will also have a positive impact on the markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
