Ripple CEO welcomes most ‘Pro-Crypto US Congress’ in history

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 speaker of the US House on the first ballot in a 218-215 vote on Friday.

Many members of 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 there is no denying the energy and excitement that is already being generated in the industry. let’s go to work

— Brad Garlinghouse (@bgarlinghouse) January 3, 2025

Shortly after the election in early November, Garlinghouse noted that US-based cryptocurrency projects had benefited the most from Trump’s victory, as the Biden administration and the SEC in particular had suppressed many of these companies. This was evident from the skyrocketing prices of assets like XRP and ADA.

Additionally, reports began to emerge that Ripple’s CEO, along with IOG’s Charles Hoskinson, had met with Trump or members of his team to discuss their involvement in the upcoming regulatory framework around the industry. cryptographic

While these rumors were never confirmed by Garlinghouse himself, he has been openly praising the incoming administration, including the Republican-dominated Congress, which he called “the most pro-crypto” in history.

The XRP Army is particularly focused on changes to the SEC. The agency and Ripple have been in a four-year legal battle, which was nowhere near ending during Gensler’s tenure. However, with his departure in a few weeks and the pro-crypto Trump’s choice for the new chair of the SEC, the community anticipates a faster and perhaps more favorable closure of the case.

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