Brad Garlinghouse, CEO of Ripple is celebrating the win of pro-crypto candidates significant victories in the recent elections. With Bernie Moreno, Ritchie Torres, Gillibrand, and Rep. Andy Barr coming out as the wining candidates, Ripple CEO took his X account and tweeted ” To everyone who doubted it: the crypto voter is here to stay, loud and clear!”. This statement indicates that the crypto community has a significant amount of influence on politics and it is here to stay.
To everyone who doubted it:
the crypto voter is here to stay, loud and clear!Truly amazing to see crypto champions like @berniemoreno, @RitchieTorresNY, @gillibrandny and @RepAndyBarr get the W with this election.
— Brad Garlinghouse (@bgarlinghouse) November 6, 2024
The Ripple CEO congratulated Bernie Moreno who managed to dethrone Republican candidate Sherrod Brown who had been the Ohio Senate for 4 years, Garlinghouse also congratulated Ritchie Torres, who had asked SEC to reconsider its vigorous campaign against Ripple, Gillibrand and Rep. Andy Barr.
What does this mean for Ripple vs. SEC Case?
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Brad Garlinghouse has been an advocate for regulatory clarity and adoption of blockchain technology since the beginning. According to him, blockchain has a potential that can be put to use in n number of industries as the transactions with blockchain technology are faster, safer and more transparent.
With the new President of the United States, Mr. Donald Trump, the removal of Gary Gensler is imminent and with such pro-crypto candidates emerging victorious, there could be a shift in the Ripple vs SEC case. The crypto community now anticipates that with these changes in the political landscape, the regulatory environment may become more favorable for crypto industry with establishment of clear set of guidelines. Additionally, this could also lead to increased adoption of the cryptocurrencies.
Crypto’s Growing Influence
Garlinghouse in his tweet definitely intended to point out the growing influence of crypto community on political grounds. One in five battleground state voters considered crypto a key issue in the 2024 elections, this indicates the increased adoption of the blockchain technology within the community. This election has also proved that crypto had been a key campaign issue and the community now eagerly awaits crypto friendly policies in the near future.
The recent election has clearly shown the power that crypto community holds and how it can make a difference in the political arena. The community will make sure that their voices are heard loud in the political landscape.
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Also Read: Trump Wins Presidency: Is This the Last Day for SEC Chair Gary Gensler?
