Ripple CEO Predicts Crypto Reset, No Matter Who Wins 2024

• Ripple’s CEO has predicted a post-election reset for the crypto industry.
• Both Trump and Harris hold contrasting, yet significant, stances on crypto.
• Regardless of who wins, Ripple believes regulatory progress is inevitable.

At the recent 8th Annual Washington DC Fintech Week, Ripple CEO Brad Garlinghouse shared a bold prediction: no matter the outcome of the upcoming U.S. presidential election, the crypto industry will experience a much-needed “reset.” 

Garlinghouse’s insights revealed a crucial turning point for the regulatory landscape. Both major candidates bring distinct yet pivotal approaches to the table. Despite Kamala Harris’s and Donald Trump’s contrasting stances, Garlinghouse stressed that both figures could facilitate a path forward for crypto. 

Ripple CEO Defends $10M Donation

Garlinghouse’s comments have sparked conversations within the industry, particularly as Ripple faces backlash over political donations from its co-founder.

Donald Trump and Kamala Harris represent divergent futures for cryptocurrency in the U.S. Trump has positioned himself as an early supporter, embracing a crypto-friendly narrative to capture voters who value financial innovation. 

In contrast, Harris has been more discreet, yet Garlinghouse highlights her “constructive” stance, shaped by her ties to Silicon Valley, which could result in progressive regulation for the industry.

Ripple co-founder Chris Larsen’s $10 million XRP donation to Harris has intensified debate within the crypto community, leading figures like Nic Carter to label the move as “baffling.” However, Garlinghouse defended the right to support any candidate, reiterating Ripple’s neutral stance while underscoring the importance of the upcoming election for the industry.

Ripple’s Legal Fight Nears Critical Turning Point

As Ripple continues to fight its legal battles, Garlinghouse expressed optimism that an XRP ETF is on the horizon. The success of Bitcoin ETFs , which have drawn billions in investments, suggests growing institutional demand for crypto-related financial products. 

Garlinghouse remarked that XRP’s inclusion in the ETF space is inevitable, especially as companies like Bitwise Asset Management seek SEC approval for an XRP ETF. However, the ongoing regulatory uncertainty surrounding Ripple’s SEC lawsuit has created hesitation among some investors. 

A successful resolution of these challenges could pave the way for XRP to strengthen its position within institutional portfolios. 

On the Flipside

• Ripple’s political neutrality contrasts with co-founder Chris Larsen’s $10 million donation to Kamala Harris.
• Trump’s aggressive crypto stance has drawn support from conservative crypto enthusiasts.
• The SEC’s regulatory actions against Ripple continue to cloud XRP’s future in the U.S.

Why This Matters

The outcome of the U.S. election could define the future of crypto regulation. Whether it’s Kamala Harris or Donald Trump, both candidates offer paths toward progress, and this reset could remove barriers that have stifled innovation. For investors, the clarity and regulatory framework that follow the election will dictate how crypto can thrive in the U.S. market.

To learn more about why Brad Garlinghouse believes an XRP ETF is on the horizon, read here:
Why Ripple’s Brad Garlinghouse Thinks an XRP ETF Is Inevitable

Curious about the impact of Ripple’s $1 million donation on XRP holders? Read here to learn more:
Ripple’s $1M Donation: Why It Won’t Impact XRP Holders