Garlinghouse attributed this shift to the upcoming Trump administration and Donald Trump’s pro-crypto rhetoric. The CEO shared the following statement on X on January 5:

“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins, and others at the helm — and they are not even in office yet! Say what you want, but the ‘Trump effect’ is already making crypto great again.”

The Crypto Industry Looks to Trump With Optimism

Industry leaders, investors, and developers are optimistic that the Trump administration will create a more crypto-friendly regulatory environment.

You Might Be Interested In: Elon Musk Shared, That Memecoin Flew: Up 500%!

The second term of Donald Trump officially begins on January 20, but the crypto sector has already started gearing up.

Hive Digital announced its headquarters relocation from Vancouver, Canada, to San Antonio, Texas, USA. In a December 31 statement, the company said:

“The new administration under President-elect Donald Trump has demonstrated a more pro-Bitcoin stance.”

Morgan Stanley, one of the largest financial institutions globally, is considering adding crypto trading to its E-Trade platform. The company’s spokespersons cited the Trump administration’s pro-crypto comments as one of the reasons behind this potential move.

ARK Invest founder Cathie Wood predicted a rise in corporate mergers and acquisitions over the next four years. She also forecasted that Bitcoin (BTC) could reach a price of $1 million by 2030, driven by pro-innovation policies and Bitcoin’s scarcity.

The asset management firm added that expected deregulation under Trump’s second term would foster a more business-friendly regulatory environment.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ripple CEO Makes Striking Statements! appeared first on Coin Engineer.