Ripple CEO: Crypto Saved Your Wallet? 🎉🤑

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Well, slap my wallet and call me surprised! Ripple CEO Brad Garlinghouse has chimed in on the latest CPI data, and let’s just say he’s got a theory that’s as bold as a Bitcoin bull run. Apparently, inflation in the U.S. has stayed as steady as a Brit in a queue, and Garlinghouse reckons crypto might just be the unsung hero here. 🦸‍♂️💸 Who knew those digital coins could keep your dollar from shrinking faster than a cheap sweater in the wash?

Crypto: The Inflation Whisperer? 🤫💨

In a post on X (formerly known as Twitter, because why not rename everything these days?), Garlinghouse pointed out that financial services costs have dropped by 3.5%. His hot take? It’s all thanks to the Trump administration’s crypto-friendly policies. 🏦✨ Apparently, making crypto less of a regulatory minefield has made financial services cheaper. Who’d have thought? Not me, that’s for sure. I was too busy trying to figure out if my toaster is secretly mining Ethereum.

The CPI data, by the way, came in exactly as expected. Which, in economic terms, is like your in-laws showing up on time for dinner-rare, but not entirely impossible. Bitcoin, ever the drama queen, celebrated by breaking $92,000 and then sashaying past $97,000. 🎉📈 Altcoins like Ethereum, XRP, Solana, and Dogecoin also joined the party, because why should Bitcoin have all the fun? Meanwhile, the Fed is probably staring at their screens like, “Do we cut rates now? Do we not? Is this a trap?” 🏦🤔

Polymarket, the betting site for people who think predicting interest rates is more fun than a game of bingo, now says there’s a 27% chance of three rate cuts this year. Previously, crypto traders were only betting on two. Trump, ever the wildcard, is expected to nominate someone who loves rate cuts more than a cat loves laser pointers. 🐈💡

Garlinghouse on Crypto Legislation: Clarity > Chaos 🧹✨

But wait, there’s more! Garlinghouse also had thoughts on the CLARITY Act, which was postponed faster than a Monday morning meeting. He called the markup “long overdue” but a “massive step forward” for crypto. Because, as he so eloquently put it, “clarity beats chaos.” 🌪️📜 I mean, he’s not wrong. Chaos is great for reality TV, but not so much for financial systems.

Garlinghouse is staying optimistic, even though the Senate Banking Committee hit the pause button after Coinbase pulled its support. Coinbase CEO Brian Armstrong, meanwhile, is out here saying progress isn’t stalled. 🛠️⏳ I guess we’ll just have to wait and see if this bill gets back on track or if it’s destined to become a footnote in the Great Crypto Saga of 2023.

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2026-01-17 01:28