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– XRP approaches $3 as Ripple CEO hails Congress as ‘pro-cryptocongress’ and pins hopes on regulation

XRP approaches $3 amid optimism over SEC appeal decision by Jan. 15

a Republican-led Congress and President Trump could change U.S. crypto policy. President Trump’s prospective cryptocurrency program could change U.S. crypto policy.

January 3, Ripple CEO Brad Garlinghouse welcomed the 119th U.S. Congress on his X account, calling it the most cryptocurrency-centric Congress in history.

XRP’s market values are rising along with growing optimism in the cryptocurrency industry, fueled by seismic political shifts in Washington, D.C.

The timing couldn’t be more important. Republicans control both houses of Congress for the first time in six years, raising hopes for clarity on blockchain and cryptocurrency regulation.

January 3, XRP continued to rise, rising 2.21% in 24 hours to close at $2.4535.

Herlinghaus’ optimism reflects the dominance of Republicans in the House and Senate. Republicans hold a 219-215 majority in the House of Representatives and a 53-47 majority in the Senate, allowing them to push their cryptocurrency agenda.

Trump supporter Mike Johnson was re-elected as Speaker of the U.S. House of Representatives in the first round of voting, solidifying his party’s leadership.

Ripple’s CEO has repeatedly spoken about the opportunities this change presents, especially after what he called the Biden administration’s repressive policies.According to Garlinghouse, U.S. cryptocurrency projects, including Ripple, have faced regulatory

the crypto community also celebrated Trump’s election, after which XRP and ADA prices soared.

the Republican shift comes at a pivotal moment in the four-year legal battle between Ripple and the SEC.LINE_ BREAK The deadline for the SEC to file an opening brief on the appeal is Jan. 15. The possible withdrawal of the appeal could be a strong tailwind for Ripple and XRP.

Garlinghouse and IOG’s Charles Hoskinson have reportedly met with Trump’s team to discuss the future regulatory framework for cryptocurrencies.LINE These meetings have not been officially confirmed, but the XRP community is closely monitoring changes at the SEC, including the impending departure of Chairman Gary Gensler on January 20.

Trump’s pro-cryptocurrency candidate, former SEC member Paul Atkins The commissioner is expected to bring a friendlier approach to blockchain regulation

former SEC lawyer Mark Feigel said the new administration could change the SEC’s aggressive stance on cryptocurrencies.