FxNews—On Tuesday, the “Good Morning Crypto” account shared a video clip on X showing Elon Musk at a town hall event in Pittsburgh. Musk was asked about the possibility of using the XRP Ledger in future financial institutions.
Musk offered a balanced view, expressing interest in blockchain technology’s wider potential. He explained, “Cryptocurrency is a fascinating and useful guard against centralized power. This isn’t about endorsing or not endorsing XRP, but I believe cryptocurrencies inherently support personal freedom.”
At the time of writing, the Ripple trades bearish at approximately $0.529
Brad Garlinghouse: Voters Rally for Crypto
Ripple Labs Inc.’s CEO, Brad Garlinghouse, shared the video and remarked, “Voters are interested in crypto – especially XRP. It’s more than just a minor issue. They demand effective policies that foster innovation and generate jobs.
Candidates who overlook crypto and blockchain may lose significant support from an expanding, knowledgeable voter base.”
Ripple Co-Founder Donates $10M to Harris
Ripple’s co-founder Chris Larsen recently donated $10 million in XRP to Vice President Kamala Harris‘ campaign.
Garlinghouse defended this contribution, underlining the importance of backing candidates who support pro-crypto policies and stressing the industry’s need for support from various political parties.
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Trump Win Could Boost Bitcoin to $90K
With Donald Trump and Kamala Harris as candidates, the current election could majorly impact the cryptocurrency market. Analysts from Bernstein predict that a win for Trump could boost Bitcoin‘s value to between $80,000 and $90,000. However, if Harris wins, Bitcoin’s value might drop.
This discussion is particularly timely as XRP navigates through some legal challenges with an ongoing appeal by the SEC.
J.J Edwards is a finance expert with 15+ years in forex, hedge funds, trading systems, and market analysis.
