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Reading: Ripple CEO Celebrates Key Appointment: What’s Next for XRP and Ripple?
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Deythere > News > Crypto > Ripple CEO Celebrates Key Appointment: What’s Next for XRP and Ripple?
CryptoMarketNews

Ripple CEO Celebrates Key Appointment: What’s Next for XRP and Ripple?

featuring the Ripple XRP logo prominently. The background includes visuals of blockchain
Ezeudo Nwosu
Last updated: November 23, 2024 10:14 am
By
Ezeudo Nwosu
Published November 23, 2024
3 Min Read
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Ripple CEO Brad Garlinghouse recently shared a game-changing update with the XRP community. U.S. President-elect Donald Trump announced hedge fund manager Scott Bessent as his nominee for Treasury Secretary. This development has sparked optimism among the crypto community about a favorable resolution to the XRP-SEC lawsuit and Ripple’s future.

Contents
  • Donald Trump’s Treasury Pick: Who Is Scott Bessent?
  • XRP Price Surges Following Announcement
  • Market Optimism and the Road Ahead

Donald Trump’s Treasury Pick: Who Is Scott Bessent?

Donald Trump revealed that Scott Bessent, founder of Key Square Group, is his choice for Treasury Secretary. Bessent is renowned for his work with George Soros in 1992, where he gained recognition for shorting the British pound.

Ripple CEO Brad Garlinghouse expressed enthusiasm on X, calling Bessent a “perfect choice” and predicting that he would be the most pro-innovation and pro-crypto Treasury Secretary to date. Garlinghouse added, “Scott Bessent is an outstanding choice who will drive crypto innovation forward.”

XRP Price Surges Following Announcement

Following the news of Bessent’s nomination, XRP’s price surged past $1.60, with trading volume increasing by 22%. Over the past week, XRP has recorded a gain of more than 60%, prompting analysts to predict a potential rally to $2.

The ripple effect of this announcement was felt across the crypto market, with industry leaders like Cardano founder Charles Hoskinson and XRP advocate John Deaton voicing their support. Deaton stated, “Trump’s transition team now has the opportunity to appoint the right SEC Chair, setting the stage for a new digital age of innovation.”

featuring Ripples XRP logo in the foreground glowing to represent optimism and growth. The backgro

Market Optimism and the Road Ahead

The crypto community is hopeful about Bessent’s approach to crypto adoption policies. Investors eagerly await further details on fiscal policy and its potential impact on Ripple and XRP’s future.

As highlighted by Dey There, this appointment has created an atmosphere of optimism around Ripple and the broader crypto market. Many believe Bessent’s leadership could positively influence the resolution of the SEC lawsuit and support innovation in the digital finance sector.

With XRP prices on the rise and market dynamics evolving, all eyes are on Ripple and the next steps in U.S. crypto policy.

XRP price, Ripple, Scott Bessent, SEC lawsuit, crypto market

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ByEzeudo Nwosu
Ezeudo Nwosu is a blockchain and cryptocurrency professional with over 8 years of experience in the industry. With a background in software engineering, Ezeudo has been at the forefront of developing innovative blockchain solutions that address key challenges in various sectors. His work includes leading blockchain integration projects and advising on the creation of decentralized applications (dApps). Ezeudo is recognized for his deep technical knowledge and his ability to translate complex blockchain concepts into practical applications. At DT NEWS, he offers expert insights into the latest developments in blockchain technology and cryptocurrencies, helping readers stay informed about the future of digital finance.
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