Ripple CEO Brad Garlinghouse appeared on Fox Business in an exclusive interview, attributing the recent surge in XRP’s value to the election of Donald Trump. Garlinghouse suggested a connection between the cryptocurrency’s 70% climb since election night and the perceived pro-crypto stance of the incoming administration.
Garlinghouse declared Trump a “crypto president,” praising his openness to the industry and contrasting it with the previous “attack” and “war” on crypto under the prior administration. He credited the shift in regulatory expectations for an $800 billion market cap increase, highlighting the strong performance of U.S.-based crypto companies since the election.
When questioned about a rumored meeting with President-elect Trump, Garlinghouse declined to comment on specifics, but acknowledged Ripple’s proactive engagement throughout the election cycle in advocating for crypto-friendly policies. He expressed enthusiasm for the new Congress and the potential for a more rational regulatory approach, echoing earlier calls to move away from “regulation through enforcement.”
Garlinghouse also applauded a recent lawsuit filed by 18 Republican attorneys general against the SEC, alleging overreach in crypto regulation. He welcomed their involvement, highlighting Ripple’s own ongoing legal battle with the SEC, which he described as an “unlawful war” costing the company over $150 million.
The interview also touched upon Robinhood’s recent relisting of XRP, a move Garlinghouse attributed to the anticipated shift in the regulatory landscape. He expressed surprise that the platform hadn’t acted sooner, but welcomed the decision nonetheless, noting Robinhood’s own 37% surge in value this month. He connected this growth to the broader trend of crypto driving bottom-line improvements for financial companies.
