Brad Garlinghouse is buzzing with excitement over the newly sworn-in 119th U.S. Congress, which he’s dubbed the most pro-crypto Congress in history.
With Republicans taking charge of both chambers for the first time in six years, there’s a fresh wave of optimism sweeping through the crypto community.
Let’s make some money
In a nail-biting vote that went down to the wire, Trump-backed Mike Johnson got the House Speaker position with a 218-215 win.
Even before Donald Trump officially steps back into the spotlight later this month, many in the crypto world are already feeling the vibes.
Garlinghouse pointed out that U.S.-based crypto projects have thrived under Trump’s leadership, especially since the previous administration and the SEC put a damper on many businesses, mentioning how assets like XRP and ADA have skyrocketed.
Rumor has it that Garlinghouse and Charles Hoskinson had a chat with Trump or his team about shaping future regulations for crypto, and while he hasn’t confirmed these meetings, Garlinghouse is all about praising this new Congress, which he believes will create a more favorable environment for digital assets.
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The SEC’s new path
The XRP community is particularly on edge about potential changes at the SEC, because after a grueling four-year legal battle with the agency, things might finally be looking up.
With SEC Chair Gary Gensler set to leave soon and Trump’s choice for a new chair likely to be more crypto-friendly, there’s hope for a quicker resolution to Ripple’s ongoing case.
Also, the Congress is packed with 298 pro-crypto advocates, as the crypto industry poured money into supporting candidates during the elections, and it looks like their efforts paid off big time.
Public servants will serve the public?
As Congress kicks off its session, they’re expected to tackle important issues surrounding crypto regulation soon.
Rep. French Hill, who leads the House Financial Services Committee and is a pro-crypto voice, has already appointed Allison Behuniak as policy director.
This committee will likely prioritize legislation like the FIT21 Act, which wants to clarify which regulatory body, CFTC or SEC will oversee crypto.
With all this momentum building, Garlinghouse now believes we’re at the start of something great for crypto.
The energy is high, and many are hopeful that this Congress will pave the way for clearer regulations that protect investors while encouraging innovation.
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