JAKARTA - The United States crypto industry is setting foot on the political stage. Brad Garlinghouse, CEO of Ripple, loudly voiced his belief that this year's US election will be a crucial moment for crypto. "Crypto voters will be a significant power," he said.
Quoted from CoinGape, Garlinghouse, along with other important figures such as Kristin Smith from the Blockchain Association, have started a massive lobbying campaign. They managed to encourage the US House of Representatives to pass the pro-crypto bill, a move that is expected to sustain innovation in Uncle Sam's country.
With significant financial support, the crypto industry has demonstrated its influence in US politics. A total of 149 million US Dollars have been used to support crypto-supporting regulations, with Coinbase and Ripple as the main players. The FIT21 bill, recently passed, is a clear proof of the growing political influence.
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Judge Torres' decision
Judge Torres' decision in the FIT21 Bill has provided fresh air for Ripple and XRP. The bill excludes digital assets from the definition of traditional securities, paving the way for a brighter future for XRP and the crypto industry as a whole.
For information, the price of XRP has decreased by 2% in the last 24 hours, trading at 0.528 US Dollars (around Rp7,850), with price fluctuations between 0.521 US Dollars and 0.539 US Dollars. However, trading volume increased by 25%, indicating a market dynamics that remains optimistic.
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