The recent victory of Donald Trump has sent ripples through the crypto market, pushing the total market cap past $3.2 trillion. Among the top performers is Ripple’s XRP, which has surged by over 100% to $1.08, signaling renewed investor optimism. Ripple CEO Brad Garlinghouse attributes this surge to hopes of a pro-crypto regulatory environment under the incoming administration, particularly the potential removal of SEC Chairman Gary Gensler.

Key Points:

• XRP Growth: XRP’s rise boosted Ripple’s market cap to $61.33 billion.
• Regulatory Shift: Trump’s anticipated pro-business stance may reduce regulatory pressures.
• Investor Sentiment: The broader market added $800 billion post-election.
• CEO’s Take: Garlinghouse believes this could mark the end of the “war on crypto” and spur U.S. blockchain leadership.
• Positive Developments: Platforms like Robinhood are listing more U.S.-based tokens, including XRP and Cardano.
• Outlook: Trump’s pro-crypto approach might usher in clearer regulations and more innovation.