Ripple chief executive Brad Garlinghouse has spoken out about the impacts of a change in administration on the US crypto industry.<\/p>\n
In an interview with Bloomberg on Oct. 23, he said that Joe Biden\u2019s approach to regulating the crypto industry is coming to an end, and no matter what happens in the presidential election, \u201cwe\u2019ll have a more constructive engagement with this industry.\u201d<\/p>\n
Garlinghouse reiterated comments that the SEC chair<\/a> would soon be dethroned as the government\u2019s head crypto cop.<\/p>\n \u201cGary Gensler\u2019s reign of terror on the crypto industry is going to come to an end very soon.\u201d<\/p>\n When asked which presidential candidate, Kamala Harris or Donald Trump, would be better for crypto and Ripple, he said:<\/p>\n \u201cI\u2019ve taken a neutral point of view but for the crypto industry it\u2019s clear that the Republicans at a macro level have been more proactive in saying \u2018this is an industry that needs clear regulation.\u2019\u201d<\/p>\n However, he also said that there have been indications the Harris campaign wants to reset some of the \u201cvery flawed approaches\u201d that the Biden administration has taken to the crypto industry.<\/p>\n The tech entrepreneur was confident that change was coming, stating that the US needs to catch up with other countries leading the way on crypto regulations.<\/p>\n Ripple CEO Brad Garlinghouse says there are indications the Harris campaign wants to reset \u201csome of the very flawed approaches that the Biden administration has had with the crypto industry\u201d https:\/\/t.co\/Efl7SJNdxW<\/a> pic.twitter.com\/vM8AEYcSfd<\/a><\/p>\n \u2014 Bloomberg Crypto (@crypto) October 23, 2024<\/a><\/p>\n\n Regarding a potential spot XRP<\/a> exchange-traded fund, he said<\/a> that interest has grown in the asset, adding that it is \u201cinevitable\u201d that it will be offered as an ETF.\u00a0This would create \u201cupward pressure for the prices for many different cryptos, including XRP,\u201d he added.<\/p>\n XRP prices were flat on the day, trading at $0.53 at the time of writing, having lost more than 5% over the past week.<\/p>\n Speaking at the DC Fintech Week event on Oct. 23, Garlinghouse said that he was \u201cde-banked\u201d by Citigroup after 25 years and given five days to move his money.\u00a0The bank cited his prominence in crypto as the reason, claiming increased regulatory scrutiny on the industry, he said.<\/p>\n The government has pressurized banks to limit their involvement with the crypto industry as part of its ongoing war led by Senate Banking Committee members such as Elizabeth Warren and the SEC chair Gary Gensler.<\/p>\n Garlinghouse also endorsed Republican John Deaton<\/a> in his campaign to win a seat representing Massachusetts and unseating the incumbent Warren, who has held the seat since 2013.<\/p>\n The post Gary Gensler\u2019s \u2018Reign of Terror\u2019 on Crypto Ending Soon: Ripple CEO<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple chief executive Brad Garlinghouse has spoken out about the impacts of a change in administration on the US crypto industry. In an interview with Bloomberg on Oct. 23, he said that Joe Biden\u2019s approach to regulating the crypto industry is coming to an end, and no matter what happens in the presidential election, \u201cwe\u2019ll […]<\/p>\n","protected":false},"author":0,"featured_media":16099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16098"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16098"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/16099"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Republicans Better For Crypto<\/h2>\n
CEO De-banked<\/h2>\n