2 days ago
Not without some controversy and tense moments, the 119th US Congress was officially sworn in, with Republicans dominating both chambers for the first time in six years. Trump-backed Mike Johnson was re-elected as the US House Speaker on the first ballot in a 218-215 vote on Friday. Many in the cryptocurrency community were quick to praise the new administration, even before Donald Trump’s inauguration later this month, including Ripple’s CEO. Today, here in the US, we welcomed the 119th Congress—better known as the most pro-crypto Congress in history. The journey is just beginning, but you can’t deny the energy & excitement already building across the industry. Let’s get to work. — Brad Garlinghouse (@bgarlinghouse) January 3, 2025 Shortly after the elections in early November, Garlinghouse noted that US-based cryptocurrency projects had benefited the most from Trump’s landslide victory as the Biden administration and the SEC, in particular, had suppressed many such businesses. This was evident from the skyrocketing prices of assets like XRP and ADA. Additionally, reports started to emerge that Ripple’s CEO, alongside IOG’s Charles Hoskinson, had met with Trump or people from his team to discuss their involvement in the upcoming regulatory framework around the crypto industry. Although those rumors were never confirmed by Garlinghouse himself, he has been openly praising the upcoming administration, including the Republican-dominated Congress, which he called ‘the most pro-crypto’ in history. The XRP army is particularly focused on the changes in the SEC. The agency and Ripple have been in a four-year-long legal battle, which was nowhere near its end during Gensler’s tenure. However, with his departure in just weeks and Trump’s pro-crypto choice for new SEC chair, the community is anticipating a quicker and perhaps more favorable closure to the case. The post Ripple CEO Welcomes Most ‘Pro-Crypto US Congress’ in History appeared first on CryptoPotato .
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AA News Crypto News Brad Garlinghouse Ripple United States
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Ripple vs. SEC Case Nears Key Deadline: Settlement Hints Surface
The Ripple vs. SEC case continues to capture attention as the January 15 deadline approaches. Speculation about a possible resolution has increased, with legal expert Jeremy Hogan suggesting a settlement could occur as early as April or May, potentially benefiting XRP holders. Despite Ripple’s partial victory, former SEC attorney Marc Fagel clarified that the SEC … Continue reading "Ripple vs. SEC Case Nears Key Deadline: Settlement Hints Surface" The post Ripple vs. SEC Case Nears Key Deadline: Settlement Hints Surface appeared first on Cryptoknowmics-Crypto News and Media Platform . Crypto Potato
Previous Bullish CEO Gives Good News for a New Rally for Bitcoin (BTC)! "The US Will Start It!"
As Donald Trump, who won the November elections and was re-elected as president, is expected to take office on January 20, one of Trump`s biggest promises, whether he will create a national Bitcoin (BTC) reserve, is being followed with great curiosity. While many experts are positive that the US will create a national BTC reserve, Nigel Green, CEO of the giant US company deVere Group, claimed that the US will establish a strategic Bitcoin Reserve together with Trump and purchase 300 to 400 thousand BTC. Nigel Green, who successfully predicted that Bitcoin would surpass $100,000, argued that the US would position Bitcoin as the cornerstone of its financial system with its reserve move. The famous CEO stated that this move by the US will trigger a bull run and take the Bitcoin price to unprecedented levels. “The US will make Bitcoin the cornerstone of its financial strategy, and this important decision will raise the value of Bitcoin to unprecedented levels. At this point, I expect the US to buy 300,000 to 400,000 Bitcoin. The creation of such a reserve would likely trigger a Bitcoin bull run of epic proportions. The BTC price would then rise exponentially, reshaping the financial markets. The dominance of Republicans and the role of Trump provide the perfect conditions for such a massive Bitcoin policy.” The deVere CEO’s Bitcoin prediction comes after US Senator Cynthia Lummis introduced the Bitcoin Act of 2024, which proposes to purchase one million Bitcoins over five years with Fed transfers. *This is not investment advice. Continue Reading: Previous Bullish CEO Gives Good News for a New Rally for Bitcoin (BTC)! "The US Will Start It!" Crypto Potato
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