Ripple CEO: “The US Is Ready to Be The Crypto Capital of The World”

by

As a seasoned analyst with over two decades of experience in the financial markets, I find Brad Garlinghouse’s optimism about the US becoming the “crypto capital of the world” intriguing, albeit not entirely unfounded. The recent shift in political leadership can indeed bring about significant changes in regulatory frameworks that could potentially attract more crypto-related businesses to the country. However, it’s important to remember that the crypto industry is dynamic and evolving rapidly, so any predictions should be taken with a grain of salt.

Brad Garlinghouse, CEO of Ripple, shared a tweet expressing his thoughts on potential future impacts of the U.S. on the cryptocurrency sector.

I’ve formed an opinion regarding SEC Chairman Gary Gensler, particularly in relation to the ongoing Ripple-SEC case and other recent actions taken by the Securities and Exchange Commission.

The future “crypto capital of the world”?

The head of Ripple, Garlinghouse, mentioned on Twitter that he attended the yearly Cryptocurrency Conference hosted by financial institution Cantor. He expressed his opinion that following the recent shift in U.S. political leadership announced on November 5, the United States could soon become a global leader in cryptocurrencies.

In addition, Garlinghouse pondered whether SEC Chairman Gary Gensler might be spending his final days in office, as the newly elected U.S. leader has vowed to dismiss Gensler immediately upon assuming the presidency.

Attended the yearly Cryptocurrency Conference hosted by @Official_Cantor today – it’s clear that the United States is gearing up to become the global leader in cryptocurrency with the upcoming Trump Administration. Coincidentally, this might be Gary Gensler’s final days in office!

— Brad Garlinghouse (@bgarlinghouse) November 14, 2024

Last week, the CEO of Ripple posted a tweet, voicing his expectation that Gary Gensler will ultimately face consequences for disregarding legal regulations.

216 million XRP withdrawal stuns Binance as price jumps 16.75%

Over the last 24 hours, the cryptocurrency monitoring service, Whale Alert, reported two significant XRP transfers originating from the largest global cryptocurrency exchange, Binance.

Two unidentified wallets each took out approximately $76.6 million and $91.1 million worth of Ripple (XRP) respectively, totaling around $167.7 million in withdrawals.

🚨 🚨 🚨 🚨 105,319,692 #XRP (76,560,557 USD) transferred from #Binance to unknown wallet

— Whale Alert (@whale_alert) November 14, 2024

Currently, the price of XPR has experienced a significant increase of 16.75% over the last day, moving from $0.70564 to its current level of $0.83954. This Ripple-linked cryptocurrency has been trying for the third time in the past 24 hours to surpass the $0.83 mark, a level it previously attempted twice before. At the moment, XRP is being traded at $0.83954, showing an increase of 6.65%.

According to Santiment’s blockchain data collector, over the past two years, entities possessing at least 1 million XRP – often referred to as whales and sharks – have amassed a total of 3.44 billion XRP, increasing their holdings.

Currently, these wallets contain a grand total of 45.61 billion XRP, which represents the greatest quantity they’ve ever held since June 2018. Interestingly, in early January of that same year, XRP achieved its peak value at $3.84 per coin.

Read More

2024-11-15 15:53