Ripple 
$1 CEO Brad Garlinghouse discussed the potential effects of Donald Trump’s success in the U.S. presidential elections on the cryptocurrency industry during an interview with the BBC. It is anticipated that the crypto sector will experience significant gains with Trump’s re-election.
Trump’s Re-election and the Crypto Industry
Garlinghouse pointed out that Trump’s victory could contribute to Bitcoin 
$77,293 reaching new record levels and XRP gaining significant profits. Additionally, discussions about launching an XRP ETF are underway to facilitate XRP’s mainstream adoption.
Conclusion of the SEC Lawsuit
The Ripple CEO emphasized the negative impacts of the lawsuit initiated by the U.S. Securities and Exchange Commission (SEC) against cryptocurrency. He stated that the SEC, led by Gensler, has not provided clarity regarding cryptocurrency regulation.
“Importantly, they are not appealing the part of the decision stating that XRP is not a security. Therefore, we feel confident that XRP is not a security in the United States.”
XRP ETF and Future Plans
Garlinghouse anticipates that Trump’s re-election will create favorable conditions for the launch of the XRP ETF. If the SEC lawsuit concludes favorably, a positive increase in XRP’s price is expected.
Currently, XRP is trading at $0.553, having seen an approximate 25% increase in the last 24 hours and a 9% rise this week. Experts suggest that XRP has the potential to rise to $2 during this bull market.
Garlinghouse highlighted that the SEC’s classification of most cryptocurrencies as securities is erroneous and stressed the importance of establishing clear rules for crypto regulations. He noted that countries like Japan, the UK, Switzerland, and Singapore have created clear regulations, allowing regulated businesses to thrive.
The Ripple CEO argued that resolving the ambiguity in crypto regulations by the SEC would support growth in the sector. Among Ripple’s future plans is the launch of the XRP ETF and a favorable conclusion to the SEC lawsuit.
