The price of Ripple (XRP) has seen a decline recently and at the time of writing it was trading around $2.22, which is equivalent to approximately Rs 188.37 in Indian currency. Over the past 24 hours, XRP value has declined by 9.34%, bringing its market cap down to $126.62 billion. However, despite this decline, XRP’s trading volume has increased by 100%, reaching around $22.2 billion. XRP still Bitcoin (BTC) And remains at number three after Ethereum (ETH).
Ripple CEO’s activism and media pressure
Ripple CEO Brad Garlinghouse is currently quite active, especially after the social media spat between him and John Reed Stark, a former SEC official. Garlinghouse accused Stark of spreading misinformation regarding the court’s decision not to recognize XRP as a security. The Ripple CEO said that the media ignored important facts of the case and provided only half the information. Subsequently, Garlinghouse tweeted at X, in which he alleged that the media had omitted important facts.
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Court decision not to recognize XRP as a security: Garlinghouse challenged Stark and said that the media did not fully present this court decision.
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Criticism on SEC’s action: Garlinghouse described the SEC’s action as the biggest challenge for the crypto industry and said that the problem is not in crypto, but in the SEC’s crackdown.
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Stark Statement: The former SEC professional denied the Ripple CEO’s allegations and said he has not taken any biased attitude towards SEC Chairman Gary Gensler, but he suggested stopping the SEC’s enforcement actions.
Ripple’s impact and future expectations in the political landscape
Ripple recently contributed $25 million to Fairshake, “The Professional-Crypto Tremendous PAC,” which supports candidates who are supporters of digital assets. The impact of this support was reflected in the polls, when crypto supporters voters favored the Republican Party. Victory ensured. Additionally, regarding the future of crypto rules, Brad Garlinghouse expects the SEC’s leadership to be more balanced and supportive of crypto under the Trump administration.
Conclusion
Ripple Cryptocurrency Price has declined, but the activity from Ripple and its CEO Brad Garlinghouse and their interactions with the media is an important development for the market. Crypto regulations and their impact on the SEC’s actions may influence the direction of the crypto industry in the future. Despite the recent decline in XRP’s price, investors remain optimistic about its long-term growth. It is also believed that even though Ripple CEO Brad Garlinghouse’s strategies may not be effective at present, his activism may have an impact on the crypto market in the future.
