Ripple CEO Brad Garlinghouse Linked to Trump’s Crypto Team

- Ripple CEO Brad Garlinghouse May Join Trump’s Cryptocurrency Advisory Board - XRP Price Rises by 7%, Coinbase Trading Volume Increases by 9,640% [Unblock Media] The recent market situation for Ripple (XRP) is attracting attention. The possibility of Ripple's CEO Brad Garlinghouse joining former U.S. President Donald Trump's cryptocurrency advisory board is raising expectations for an increase in XRP prices. Industry experts believe that if Garlinghouse joins the advisory board, it could significantly impact the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Should he participate, it may lead to the promotion of crypto-friendly policies and the establishment of a clear regulatory framework. This could enable Ripple to play a more significant role in future policy-making processes. The market is closely watching how this news affects the price of XRP. Following the reports of Garlinghouse's possible involvement, XRP prices saw a short-term rise of 7%, and some institutional investors began expanding their XRP purchases. The trading volume of XRP also surged, with Coinbase seeing a 9,640% increase in trading volume within 24 hours, reflecting active trading and short-term profit-taking. However, there are also voices calling for caution. Given the ongoing uncertainty surrounding the legal outcome with the SEC, it is prudent to be cautious about expecting significant changes in XRP’s market status solely based on Garlinghouse’s potential political move. Meanwhile, Garlinghouse's actions are expected to influence not only Ripple but the broader altcoin market as well. Currently, Bitcoin’s market dominance remains high at 61.5%, limiting the influx of funds into altcoins. The industry is watching for a potential rotation of funds into altcoins following Bitcoin's stabilization, with XRP potentially benefiting from this process. Ethereum (ETH) is also drawing the interest of institutional investors. Trump-led 'World Liberty Financial' purchased $200 million worth of ETH, while Fidelity and BlackRock acquired $49.75 million and $300 million worth of ETH respectively. Experts suggest that such accumulation by institutions could signal a recovery in the altcoin market. Future monetary policy by the U.S. Federal Reserve (Fed) will also be a major variable affecting the cryptocurrency market. Although the Fed is currently maintaining a tightening stance, recent signs of a slowdown in U.S. employment indicators raise the possibility of a policy shift. If the Consumer Price Index (CPI) data released this month points towards easing, the Fed might consider lowering interest rates, which could positively influence the cryptocurrency market. Ultimately, Brad Garlinghouse's potential involvement with the Trump camp carries implications far beyond a mere personnel change. Given its entanglement with factors such as the Ripple-SEC lawsuit, XRP’s market status, general altcoin market trends, and the direction of U.S. cryptocurrency policies, his future moves warrant close observation for their potential impact on the industry.