The 119th Congress was sworn in on January 3, 2025, earning recognition as the most pro-crypto legislative body in U.S. history. Ripple CEO Brad Garlinghouse sees this as a major step forward for the crypto space
Ripple CEO Brad Garlinghouse took to X to express his enthusiasm, stating, “The journey is just beginning, but you can’t deny the energy & excitement already building across the industry. Let’s get to work.”
His message resonated strongly with the XRP community and the broader cryptocurrency industry, amplifying optimism for the sector’s future.
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
The Changing Landscape in the U.S.
On January 20, Donald Trump will begin his second term as President of the United States. Trump, widely regarded as a pro-crypto leader, has already indicated plans to prioritize regulatory clarity for digital assets. This marks a significant shift in federal policy, with many anticipating more supportive legislation for blockchain innovation.
Additionally, Gary Gensler is slated to resign the same day. Gensler is the current Chair of the U.S. Securities and Exchange Commission (SEC) whose tenure has been controversial due to his approach to regulating cryptocurrencies.
Paul Atkins, a former SEC Commissioner and advocate for clear crypto policies, has been nominated to replace Gensler. Atkins’ leadership is expected to bring a more favorable regulatory environment, fostering growth and innovation within the cryptocurrency market.
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The Future of the Crypto Market
Garlinghouse has consistently emphasized the importance of regulatory clarity for fostering real-world utility in blockchain and digital assets. Because of the changing landscape, analysts increasingly project significant price targets for XRP, with some anticipating values in double and triple digits.
The excitement and recent positive market momentum reflect broader industry trends, as institutional investors and technology firms continue to expand their blockchain initiatives.
The expected regulatory clarity under the new Congress and SEC leadership would accelerate this trend, positioning the U.S. as a global leader in cryptocurrency adoption.
In a recent New Year’s message to the XRP community, he shared his excitement for 2025 and reaffirmed Ripple’s commitment to driving utility by solving real-world problems with blockchain technology.
This vision aligns with the industry’s broader push toward mainstream adoption and practical applications and could help it grow under a friendly regulatory environment.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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