Ripple 
$1 CEO Brad Garlinghouse announced that the crypto industry will enter a “reset” process, independent of the U.S. election results. Speaking at Washington DC Fintech Week, he criticized the current Biden administration’s unfriendly stance towards the crypto sector. Nevertheless, he emphasized that the industry will continue to evolve.
“Election Results Will Not Affect Crypto”
Garlinghouse referred to the differing approaches of Donald Trump and Kamala Harris regarding crypto. He stated that Trump strongly supports cryptocurrency. In contrast, he noted that while Harris has a generally positive view of technology, she has said less about crypto.
The CEO highlighted that Bitcoin 
$77,287 ETFs have quickly attracted billions in investments. He believes that the approval of XRP ETFs is also inevitable. He pointed out that companies like Bitwise Asset Management have applied in this direction, and this approval will positively impact XRP prices and the crypto market.
Ripple – SEC Legal Battle
Despite Garlinghouse’s optimism regarding the XRP ETF, Ripple is still embroiled in legal proceedings with the SEC. Attorney Fred Rispoli criticized Garlinghouse and Ripple President Chris Larsen for not doing enough to resolve all allegations. He argued that they need to take more substantial steps.
Garlinghouse also discussed his personal experiences with banks. He revealed that Citibank ended its relationship with him due to his connections with crypto. The CEO stated that individuals in the crypto sector are being pushed out by banks.
He indicated that current U.S. policies create pressure on the crypto sector. However, he expects the industry to grow healthily as the regulatory framework becomes clearer. Garlinghouse expressed his belief in the adaptation process within the sector.
Garlinghouse acknowledged that political and legal factors influence crypto markets while asserting the industry’s openness to change. His comments regarding the future of blockchain and crypto assets illustrate the opportunities and challenges ahead for the sector. Industry leaders emphasize the need for clear regulations to ensure sustainable growth.
“No matter what happens, we will experience a reset, and I welcome this progress,” Garlinghouse stated. His remarks provide important insights into the future of the crypto industry. The industry is expected to undergo a restructuring process, regardless of political changes, and the approval of XRP ETFs is anticipated to create positive market effects.
