Ripple CEO Brad Garlinghouse Reveals the Secret to the Latest XRP Price Rally

Gensler, known for his stringent regulatory measures targeting the crypto industry, announced his resignation effective January 2025. This shift aligns with the election of U.S. President-elect Donald Trump, who has expressed support for pro-crypto policies.

Ripple CEO Brad Garlinghouse has revealed the secret to the latest XRP price rally, attributing it to evolving regulatory conditions in the United States. Highlighting the significance of SEC Chair Gary Gensler’s impending resignation, Garlinghouse noted this development as a turning point for the crypto sector.

Gensler, known for his stringent regulatory measures targeting the crypto industry, announced his resignation effective January 2025. This shift aligns with the election of U.S. President-elect Donald Trump, who has expressed support for pro-crypto policies. His return to the White House in January promises a friendlier environment for blockchain innovations.

Thus, Garlinghouse expressed optimism, stating on social media, “After Gensler, all boats rise.” His remarks reflect the growing confidence within the crypto community, anticipating reduced regulatory hurdles. Ripple's Chief Legal Officer Stuart Alderoty reinforced this perspective, emphasizing that the SEC's regulatory approach had artificially suppressed crypto markets.

"After Gensler, all boats rise." — Ripple CEO Brad Garlinghouse

Gensler's resignation, effective January 2025, coincides with the conclusion of SEC Chair Hester Peirce's term and the swearing-in of U.S. President-elect Donald Trump, a known supporter of crypto-friendly policies.

As Trump returns to the White House in January, promising a friendlier climate for blockchain innovations, Garlinghouse's optimism is palpable in his social media post. This optimism stems from the anticipation of smoother sailing in the crypto world, thanks to easing regulatory pressures.

After Gensler's departure from the SEC, his position will be filled by SEC Commissioner Caroline Pham, a crypto advocate. This shift, coupled with the pro-crypto stance of President-elect Trump, is expected to usher in a more favorable regulatory landscape for cryptocurrencies.

As Garlinghouse wryly noted in his tweet, this development bodes well for the crypto industry at large, with many hoping for a rising tide that lifts all boats.

However, according to lawyer Bill Morgan, this moment in crypto history marks a broader transformation for the entire ecosystem.

In other news, amid this favorable backdrop, Ripple has minted 50 million RLUSD, a new stablecoin aimed at driving innovation within its ecosystem. This minting follows the burning of an equivalent amount earlier, signaling a strategic reset ahead of RLUSD's expected launch this week.

Meanwhile, the XRP price hit a peak of $2.79 today with a strong rally of over 31%. Thus, analysts expect the token to hit $3 this week if the momentum continues, paving the way for a fresh all-time high.