Ripple CEO Shares Bullish News With XRP Army As Trump Names Treasury Secretary

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As a seasoned crypto investor with over a decade of experience under my belt, I must admit that the recent developments have left me quite optimistic about the future of XRP and the broader crypto market. The nomination of Scott Bessent as the US Treasury Secretary by President-elect Donald Trump has sent ripples (no pun intended) of excitement throughout the crypto community, with Ripple CEO Brad Garlinghouse himself hailing him as the perfect pick.

Brad Garlinghouse, the head of Ripple, has shared exciting news with the XRP community. At last, U.S. President-elect Donald Trump has chosen his Treasury Secretary, stirring optimism among crypto enthusiasts, including Garlinghouse, about XRP and the conclusion of the SEC lawsuit. According to Ripple CEO Garlinghouse, Scott Bessent is an ideal selection.

Donald Trump Nominates Scott Bessent As US Treasury Secretary

Donald Trump, the newly elected President of the United States, has chosen Scott Bessent to serve as the head of the U.S. Treasury Department. Notably, Bessent is the founder of Key Square Group, a prominent hedge fund management firm. He gained significant recognition for his short position against the British pound in 1992, when he was employed by George Soros.

Amongst his significant choices, selecting the U.S. Treasury chief was one of President Trump’s key decisions that attracted close attention from Wall Street, as they followed the unfolding events. In the running for the position were Marc Rowan, CEO of Apollo Global Management, and Kevin Warsh, a former Federal Reserve governor.

Trump stated on Truth Social, according to Reuters, that Scott is broadly admired for being one of the world’s leading international investors and experts in geopolitics and economic strategies.

In response to Trump appointing Scott Bessent to head the Treasury Department, both Wall Street and the cryptocurrency market showed optimism. Bessent expresses a favorable stance towards crypto adoption policies, however, investors are eager for further clarification on his opinions about fiscal policy and any upcoming actions.

Ripple CEO Brad Garlinghouse Hails Trump’s Treasury Sec Pick

Brad Garlinghouse, CEO of Ripple, shared his approval for Scott Bessent as a potential Treasury Secretary on a certain platform. He stated, “I’m hesitant to jump to conclusions, but… I believe Scott Bessent is an ideal choice.” He believes that among all the previous holders of this position, Bessent will be the most supportive of technological advancements and cryptocurrencies.

Notable figures in the crypto sphere, such as Charles Hoskinson, John Deaton, Matthew Sigel, and David Bailey, expressed their approval.

John Deaton, an advocate for XRP, expressed that it’s crucial for the Trump transition team to ensure they appoint the right Securities and Exchange Commission (SEC) Chair as we are on the brink of entering the innovative era of Digital Technology. Meanwhile, Jeremy Hogan, another pro-XRP lawyer, offered his insights on a possible timeline for the resolution of the Ripple vs SEC case.

XRP Price Rises Over $1.60 As Ripple CEO Turns Bullish

The optimistic comments made by the leaders of Ripple (CEO) and Cardano (Hoskinson) sparked a surge in the prices of XRP and ADA respectively. Currently, attention has turned towards the anticipated nominations to be made by former President Donald Trump.

Over the past week, the value of XRP has surged by over 60%, and in just the last day, it has increased by 12%. The highest point reached during the last 24 hours was $1.62, as trading activity also rose significantly by 22%. Notable analysts have suggested a potential price target for XRP could reach as high as $2.

In the last day, the price of ADA experienced a significant rise of approximately 22%, pushing it above the $1 mark for the first time. The lowest and highest prices within this period were $0.856 and $1.140 respectively. Moreover, an impressive 130% increase in trading volume over the same period suggests a substantial surge in trader interest.

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2024-11-23 08:34