Donald Trump nominated Scott Bessent as the U.S. Secretary of the Treasury, and Ripple CEO Brad Garlinghouse shared good news with the XRP community.
Ripple CEO Brad Garlinghouse shared another piece of good news with the XRP community. U.S. President-elect Donald Trump has finally selected the Secretary of the Treasury, which has filled Garlinghouse and the cryptocurrency community with confidence in the end of the XRP and SEC lawsuit. Ripple CEO Garlinghouse claimed that Scott Bessent is the perfect choice.
Donald Trump Nominates Scott Bessent as U.S. Secretary of the Treasury
U.S. President-elect Donald Trump has nominated Scott Bessent to serve as the U.S. Secretary of the Treasury. The new Treasury Secretary is the founder of the hedge fund management company Key Square Group, known for shorting the British pound under George Soros in 1992.
It turns out that the selection of the U.S. Secretary of the Treasury is one of the most critical decisions made by Trump, and Wall Street is closely watching this dramatic event. Apollo Global Management CEO Marc Rowan and former Federal Reserve Governor Kevin Warsh were also involved in the competition.
According to Reuters, Trump wrote on Truth Social, "Scott is widely revered as one of the world's top international investors and geostrategic and economic tacticians."
After Trump appointed Scott Bessent (Scott Bessent) to lead the Treasury Department, Wall Street and the cryptocurrency market both reacted positively. Bessent has a positive attitude towards cryptocurrency adoption policies, but investors are waiting for more details on his views on fiscal policy and next steps.
Ripple CEO Brad Garlinghouse Appreciates Trump's Choice of Treasury Secretary
Ripple CEO Brad Garlinghouse expressed his satisfaction with Scott Bessent's appointment as Treasury Secretary on X. He said, "I don't want to be too smug, but... Scott Bessent is the perfect choice." He claimed that Bessent will be the most supportive of innovation and cryptocurrencies in the history of the Treasury Department.
Other cryptocurrency executives and experts, including Charles Hoskinson, John Deaton, Matthew Sigel, and David Bailey, also reacted positively.
XRP-supporting lawyer John Deaton said the Trump transition team now needs to "make the SEC Chairman understand that we are about to enter the era of digital innovation." Meanwhile, XRP-supporting lawyer Jeremy Hogan predicted a timeline for the possible end of the Ripple SEC case.
Ripple CEO Optimistic About XRP Price Surging Over $1.60
The optimistic reaction of Ripple CEO and Cardano founder Hoskinson has led to further increases in the prices of XRP and ADA. All eyes are now on the nominations that Donald Trump is about to announce.
The XRP price has continued the momentum of over 60% gains this week, rising 12% in the past 24 hours. XRP hit a 24-year high of $1.62, and trading volume further increased by 22%. Well-known analysts predict a target price of $2 for XRP.
The ADA price has risen 22% in the past 24 hours, finally breaking through $1. The 24-hour low and high prices were $0.856 and $1.140, respectively. Additionally, trading volume grew 130% in the past 24 hours, indicating strong interest from traders.
