rad Garlinghouse, the CEO of Ripple Labs, has recently showed optimism regarding the crypto sector, regardless off the election outcome. While Speaking at DC Fintech Week, he said that the U.S. Congress will be more favorable to crypto and innovation than ever before.
Current Landscape
For this reason, Garlinghouse, like many other proponents of Ripple’s future, disagrees with the current regulatory environment as being a long-term issue but rather as a short-term one which he terms as ‘a speed bump’. As of now, roughly 95% of Ripple’s business happens internationally because of regulatory issues.
Political Perspectives
Garlinghouse also observes growing bipartisan support of crypto, Trump is promoting himself as the crypto president, and Harris engages constructively with crypto. CEO has been very political especially through donating $45 million to the Fairshake PAC of Ripple.
Future Outlook
While That said, Garlinghouse has some criticism of the present Biden administration and expects a constructive “political reset” post-election. He further affirms that the two major parties have been revealing increasing tolerance towards cryptocurrency invention.
Crypto's Path Clear After Vote
Nonetheless, the current regulation remains problematic, yet Garlinghouse is hopeful and optimistic regarding the future of digital currencies, and with bipartisan support for crypto emerging, irrespective of the results of the next election, the outlook for crypto may be better.
