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Ripple CEO Warns Kamala Harris: Crypto Stance Could Make or Break Election
Jul 29, 2024
Ripple CEO Brad Garlinghouse has cautioned US Vice President Kamala Harris against associating with anti-crypto lawmakers. His warning came after a video clip surfaced on social media. As many other people in crypto, Garlinghouse believes going against crypto might lead to losing votes, and thus looking election to Donald Trump, who is a biggest Bitcoin fan now. In the clip, US Representative Brad Sherman mocked Bitcoin. He compared it to a new coin called "Skibidi". Garlinghouse didn't mince words in his response. "It would behoove VP Harris to not listen to (and distance herself asap from) folks like this who spout utter nonsense," he wrote on X. The Ripple CEO didn't stop there. He pointed out a growing political divide on crypto. Democrats, he noted, aren't winning any votes with their anti-crypto stance. Republicans, on the other hand, are gaining support by embracing the technology. This advice comes at a crucial time for Harris. President Joe Biden recently endorsed her as the Democratic nominee for the upcoming elections. He dropped out of the race himself. Garlinghouse believes crypto-friendliness could be a make-or-break issue in the 2024 presidential elections. He's not alone in this view. Many in the crypto community share his sentiment. The Democrats have a reputation for being anti-crypto. This includes outgoing President Biden. Even his recent SEC Commissioner nominee, Caroline Crenshaw, is known for her skeptical stance on digital assets. Only a handful of Democrats, like Senators Cynthia Lummis and Kirsten Gillibrand, have shown support for crypto, other have either shown no interest in crypto whatsoever, or have been rather negative. This puts the party at odds with a growing voter base. Harris's own stance on crypto remains murky. She recently declined an invitation to speak at the Bitcoin Conference in Nashville. This move raised eyebrows in the crypto community. Bitcoin Magazine CEO David Bailey saw a silver lining in Harris's absence. He suggested it might avert a "potential disaster". Bailey cited Harris's involvement in policies that have led to the imprisonment of crypto developers and driven the industry overseas. The VP's refusal to attend the conference had a domino effect. It prompted Republican nominee Donald Trump to back out of two planned debates with Harris. This unexpected turn of events left many, including the crypto community, scratching their heads. Garlinghouse, for his part, remains open-minded about Harris. He urged others to judge candidates based on policies, not party lines. Given her Silicon Valley background, he believes Harris has a unique opportunity to reset critical issues like crypto regulation.
Famous Pro-Crypto Senator's Holdings Revealed: BTC, ETH, XRP, SOL, and No Meme Coins
Jul 26, 2024
John Deaton, a pro-XRP attorney and Republican Senate nominee in Massachusetts, has emerged as a major crypto holder in the political arena. His portfolio is turning heads. Deaton's crypto holdings are no small change. A whopping 80% of his net worth is in Bitcoin or related investments, though it's worth mentioning that the senator has also got stakes in Ethereum, Solana, and XRP (no meme coins, in case you wondered). This news came to light on Wednesday. Fox journalist Eleanor Terret spilled the beans. Deaton's not just a lawyer. He's a Marine vet too. He's been defending cryptocurrencies, especially Ripple, for years. Ripple's been in a nasty legal scrap with the SEC since 2020. The regulator claims they violated securities laws. Deaton's been a key player in Ripple's defense. Now, Ripple's backing Deaton's campaign. They've been throwing serious cash at it. The company's pumped $1 million into a super PAC. It's called the Commonwealth Unity Fund. Legal expert James Murphy, aka "MetaLawMan", set it up. Murphy's got big plans. He wants to see more crypto-friendly faces in Congress. He reckons Deaton's the man for the job. But it's not all smooth sailing. Deaton's up against Elizabeth Warren. She's held her seat since 2013 and isn't a fan of crypto. Warren's got deeper pockets too. Deaton's playing catch-up in the fundraising game. Murphy's not fazed. He told Fox: "We're in it to win it." Meanwhile, XRP's price is feeling the heat. It's down 1.5% in the last 24 hours, trading at $0.615. The whole crypto market's taken a hit, with Bitcoin leading the slide on Thursday.
How Soon XRP Can Reach $100: Expert Weighs In
Jul 24, 2024
A crypto educator known as "Common Sense Crypto" has laid out a case for XRP hitting $100. It's a bold claim. Many dismiss it outright. But the expert's reasoning has turned heads. Ripple CEO Brad Garlinghouse predicts a $5 trillion crypto market cap. That's double the current figure. Garlinghouse calls this estimate "conservative" for the bull run ahead. Common Sense Crypto is banking on this projection. He sees it as a springboard for XRP's potential value surge. The educator points to Archax, a UK crypto exchange. Archax plans to process $50 trillion in tokenized value via XRP Ledger. Their CEO, Graham Rodford, announced this at Ripple's Swell conference. Not everyone buys it. Panos Mekras, co-founder of Anodos Finance, calls the $50 trillion claim "complete nonsense". He argues it's detached from reality. Common Sense Crypto acknowledges the skepticism. But he reckons Archax isn't alone in its tokenization plans. Other partners could boost XRP's value, he suggests. The end of Ripple's legal battle is another factor. The expert believes institutions will "flood in" post-lawsuit. They'll want to beat the competition, he says. XRP's shrinking public supply is also noted. Demand might spike as a result. Over 12.6 million XRP have already been burned from the 100 billion max supply. For XRP to hit $100, it needs a $5 to $10 trillion market cap. It's a tall order. But Common Sense Crypto isn't betting against it. Currently, XRP trades at $0.6032. It's up 0.53% in the past day. The road to $100 is long. But in crypto, stranger things have happened.
Ripple's President Unveils Strategy to Bridge TradFi and Web3
Jul 23, 2024
Ripple is gunning for the top spot in digital asset infrastructure for financial services. That's the word from company president Monica Long. In a recent blog post, Long laid out Ripple's strategy. They're eyeing more ways to nudge traditional finance (TradFi) towards modern financial tools. Ripple sees an opportunity to weave XRP Ledger features into its business. This could bring decentralized finance benefits to customers worldwide. They're keeping it secure and compliant, though. Long reckons Ripple can bridge TradFi and Web3. They'll leverage their street cred and tech chops. This includes liquidity, custody, and compliance capabilities. "We want to be a one-stop shop for enterprises," Long stated. She's talking about businesses keen on blockchain benefits but lacking in-house expertise. Ripple's been straddling both TradFi and crypto worlds for years. Long believes this gives them a unique edge. They've got the know-how for core services like crypto on and off-ramps. The company plans to keep evolving its product suite. They're aiming to meet customer needs and wants. It's all about staying ahead of the game. Ripple's not new to this rodeo. They got into the business believing in blockchain's potential. Their vision? Faster, better, and cheaper financial services. Long emphasized Ripple's commitment to best-in-class solutions. They're coupling these with innovative tech to bridge the TradFi-Web3 gap.

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