Ripple CEO Predicts Future of Crypto in US

In a tweet, Brad Garlinghouse, the CEO of Ripple, made a prediction regarding the future influence of the United States in the cryptocurrency industry.

Additionally, he made an assumption regarding Gary Gensler, the chairperson of the Securities and Exchange Commission, in relation to the Ripple-SEC case and all recent cases initiated by the SEC.

The “crypto capital of the world” of the future?

The CEO of Ripple announced on Twitter that he had participated in the annual Crypto Conference, which is organized by the financial institution Cantor. Garlinghouse is of the opinion that the United States is on the brink of becoming the “crypto capital of the world” in the near future, following the significant shift in US political leadership that was announced on November 5 and is presently underway.

Additionally, Garlinghouse speculated whether Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), is currently relishing his final days in office, given that the newly elected president of the United States had pledged to terminate Gensler on the first day of his presidency.

In a tweet published one week ago, the CEO of Ripple expressed his optimism that Gensler would ultimately be “held accountable for ignoring the law.”

Binance is taken aback by the 16.75% increase in price following the withdrawal of 216 million XRP.

Whale Alert, a cryptocurrency monitoring platform, has reported that Binance, the world’s largest cryptocurrency exchange, has experienced two extraordinary XRP withdrawals in the past 24 hours. Two anonymous wallets withdrew 105,319,692 XRP and 110,930,714 XRP, respectively, with a value of $76,560,557 and $91,123,311.

In the interim, the XPR price has experienced a remarkable increase of 16.75%, rising from $0.70564 in the previous day. The Ripple-affiliated cryptocurrency has been attempting to surpass the $0.83 level on two separate occasions and is currently making its third attempt in the last 24 hours.

XRP is currently trading at $0.83954, a 6.65% increase from the time of this writing. Whales and sharks (wallets that possess a minimum of 1 million XRP) have amassed 3.44 billion XRP over the past two years, according to the Santiment on-chain data aggregator.

Currently, the total amount of XRP in these wallets is 45.61 billion. This is the most XRP they have accumulated since June 2018. XRP achieved an all-time peak of $3.84 in early January of that year.