The post Ripple CEO Comments on Elon Musk Mentioning XRP appeared on BitcoinEthereumNews.com.

Ripple CEO Brad Garlinghouse reacts to a viral video of the world’s richest man, Elon Musk, mentioning XRP for the first time.  In a startling development, Elon Musk, the CEO of SpaceX and Tesla, mentioned XRP for the first time during a recent town hall discussion in Pittsburgh.  Musk Mentions XRP  The Crypto Basic reported yesterday that an attendee asked the world’s richest man whether he envisions the XRP Ledger (XRPL), the underlying blockchain of XRP, incorporated into financial institutions, especially given the SEC’s aggressive stance toward the digital asset.  Responding, the tech mogul commented on crypto assets in general rather than addressing the specific XRP question. Notably, he praised cryptocurrencies for serving as a defense against centralized control.  He quickly added that his comment does not represent an endorsement or lack of support for XRP, the seventh-biggest cryptocurrency by market cap. Despite not endorsing XRP, Musk’s comment triggered excitement among proponents of the cryptocurrency.  https://x.com/thecryptobasic Ripple CEO Reacts   The video has gone viral within the XRP community, prompting a reaction from Ripple’s CEO, Brad Garlinghouse. In his remark, Garlinghouse reiterated that United States voters care about crypto, particularly XRP. According to him, voters are interested in favorable policies that promote innovation and job creation in the country.  The Ripple CEO contended that political candidates who ignore the importance of crypto and blockchain risk losing support from an informed and growing voter base.  Importance of Next Month’s Election  The importance of next month’s presidential election cannot be overstated. Crypto investors and stakeholders believe there is a need to support a pro-crypto political candidate who will advocate for favorable regulations for the industry.  The current administration has displayed aggressive behavior toward crypto. Consequently, crypto enthusiasts believe voting for Kamala Harris, the vice president of the current administration, will only prolong the crypto asset…

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Filed under: News - @ October 22, 2024 2:27 pm