Ripple 
$1 CEO Brad Garlinghouse shared encouraging news with the XRP community. President-elect Donald Trump announced Scott Bessent as his choice for Treasury Secretary. This development has led to positive expectations among Garlinghouse and the crypto community regarding the outcome of the XRP and SEC case.
Trump Names Treasury Secretary Candidate
President-elect Donald Trump revealed that he has selected hedge fund manager Scott Bessent as Treasury Secretary. Bessent, the founder of Key Square Group, gained notoriety in 1992 for taking a short position against the British pound for George Soros.
Brad Garlinghouse stated on the X platform that Scott Bessent is a “perfect choice” for the Treasury. He emphasized that Bessent will be the most pro-innovation and pro-crypto Treasury Secretary we have seen to date. Garlinghouse expressed that Bessent will be the most innovative and crypto-friendly Treasury Secretary.
XRP Prices Surge
Following Trump’s appointment of Bessent, the price of XRP rose above $1.60. Trading volume increased by 22%, with XRP maintaining a weekly rise of over 60%. Analysts predict that the price of XRP could rise up to $2.
Meanwhile, crypto executives, including Charles Hoskinson, founder of Cardano 
$0.000105, also gave positive reactions. XRP attorney John Deaton remarked, “Trump’s transition team must now choose the SEC Chair correctly as we enter the age of digital innovation.”
While the market indicates a favorable approach to Bessent’s crypto adoption policy, investors are looking for more details on fiscal policy and next steps. Ripple and the crypto markets welcomed Trump’s selection of Scott Bessent as Treasury Secretary, fostering hope for the future of XRP. The impact of this appointment on the outcome of the SEC case is eagerly awaited.
