<p>&nbsp;With Donald Trump's win in the <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">2024 US Presidential Elections</a>, the future looks brighter for clearer cryptocurrency regulations and an end to the SEC’s hostility toward crypto. This shift could be a game-changer for the industry.</p>   
<p>Ripple CEO Brad Garlinghouse celebrated Trump’s victory on X (formerly Twitter) on November 5, saying: </p>   
<blockquote class="wp-block-quote">
  
 <p><strong><em>“To everyone who doubted it: the crypto voter is here to stay, loud and clear!”&nbsp;</em></strong></p> 
</blockquote>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/bgarlinghouse/status/1854014709537652864 
 </div>
</figure>   
<p>The growing influence of crypto voters was evident as pro-crypto candidates from both major parties won key races. Garlinghouse also congratulated Bernie Moreno, Ritchie Torres, Kirsten Gillibrand, and Andy Barr for their victories, highlighting the crypto community’s increasing political power.</p>   
<h2 class="wp-block-heading" id="h-shifting-political-views">Shifting Political Views </h2>   
<p>Coinbase CEO Brian Armstrong in an X <a href="https://x.com/brian_armstrong/status/1854029871040835614" target="_blank" rel="noreferrer noopener nofollow">post </a>noted Bernie Moreno’s win in the Ohio Senate race against Sherrod Brown who is strongly against crypto. He noted, <em>“Being anti-crypto is simply bad politics.”</em></p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/brian_armstrong/status/1854029871040835614 
 </div>
</figure>   
<p>He noted that Bernie Moreno understands that crypto is an important part of America's future. </p>   
<blockquote class="wp-block-quote">
  
 <p><em>“Bernie and the crypto owners who helped him secure this win understand how everyone can benefit from crypto and are willing to fight for it.”</em></p> 
</blockquote>   
<p><strong>Crypto Becomes a Key Political Issue</strong></p>   
<p>Crypto played a major role in this election, influencing <a href="https://coinpedia.org/news/donald-trump-wins-2024-us-election-crypto-voters-play-a-key-role-in-victory/" target="_blank" rel="noreferrer noopener">voting decisions</a> and political priorities. The success of pro-crypto candidates marks a shift toward crypto-friendly policies. However, the crypto community faced disappointment with pro-XRP advocate John Deaton’s loss to Senator Elizabeth Warren, a well-known critic of the industry.</p>   
<h2 class="wp-block-heading" id="h-what-s-next-for-crypto-under-trump">What’s Next for Crypto Under Trump?</h2>   
<p>Trump’s return to office, along with the rise of pro-crypto candidates, is likely to boost crypto and Bitcoin adoption. During his campaign, Trump promised to fire SEC Chairman Gary Gensler on his first day in office. With Gensler’s term nearing its end, the ongoing <a href="https://coinpedia.org/news/ripple-vs-sec-update-judge-asks-ripple-to-consider-an-alternative-resolution/" target="_blank" rel="noreferrer noopener">Ripple vs. SEC lawsuit</a> could soon be resolved, bringing much-needed clarity and regulation to the industry.</p>   
<p>Coinbase CLO Paul Grewal also hinted that the ‘crypto win’ will help bring an end to the legal attacks against crypto.</p>   
<blockquote class="wp-block-quote">
  
 <p><em>“I’m going to guess that at least a couple of Supreme Court Justices now feel free to make retirement plans.”</em></p> 
</blockquote>   [post_titles_links postid="376436"]   
<h2 class="wp-block-heading" id="h-xrp-sees-growing-institutional-interest"><strong>XRP Sees Growing Institutional Interest</strong></h2>   
<p>Recently, Garlinghouse also shared that institutional interest in XRP products continues to rise while the US SEC loses its credibility and reputation over its hostility towards the industry which signals that <a href="https://coinpedia.org/news/21shares-joins-the-race-for-xrp-etf-approval/" target="_blank" rel="noreferrer noopener">XRP ETF launch might soon</a> see materializing.</p>   
<p>In the latest development in the XRP lawsuit, the Second Circuit Court of Appeals has ordered the SEC to submit its brief by January 15, 2025. XRP has responded positively in the market, rising 4% in the last 24 hours and currently trading at $0.54. Analysts are predicting a potential bull run for XRP in the near future.</p>   
<p><strong>The victory of pro-crypto candidates marks not just a political win, but a clear signal that the crypto community’s influence is only growing.</strong></p>

Crypto News: Will Donald Trump’s Win End the Ripple vs SEC Lawsuit?

Table of Contents

CoinPedia News

Other articles published on Nov 6, 2024

Sui Announces Integration with Google Cloud to Boost Real-Time Blockchain Data Access

Will 21Shares XRP ETF Make a Difference On Ripple Price? Expert Thinks PEPE and This Viral 4,400%...

BlockDAG Bonus Goes Viral – Solana Gains, Aptos Adds USDT

Yi He Defends Binance Against Token Allegations

China to issue $2 billion of dollar bonds in Saudi Arabia

What Is This Best Crypto to Buy Right Now: Amid Toncoin’s Tech Revolution and Cardano’s 20x Poten...

Join our free newsletter for daily crypto updates!