The CEO of Ripple, Brad Garlinghouse, is positive about changes in US crypto regulations under the new administration after the recent elections. Garlinghouse predicts that the entire crypto market will grow by 100% by the end of 2024, with the current market cap already up by 60% and valued at $2.58 trillion. He believes the market will reach above $5 trillion by the year’s end.

Factors Driving the Crypto Market

Garlinghouse mentioned macro factors like the spot Bitcoin ETF's arrival and the upcoming Bitcoin halving, which are expected to boost the crypto market. The CEO expressed his optimism during an interview with CNBC, highlighting the trend of real institutional money entering the market due to ETFs, leading to increased demand while supply decreases. He emphasized the impact of these factors on the market’s growth.

Positive Outlook on Crypto Regulations

Despite the legal battles with the US SEC, Garlinghouse remains hopeful about the positive regulatory momentum in the US, which could act as a catalyst for the crypto market's rally. With the upcoming administration, there is an expectation of a more supportive approach towards the crypto industry’s policies. The SEC, under Chair Gary Gensler, has shown proactive efforts in enforcing regulations on crypto entities, including Ripple.

In conclusion, Garlinghouse anticipates more clarity in the US crypto market, expecting a shift in the country's stance to be more favorable to the industry. Along with other industry experts like Marshall Beard, CEO of Gemini, who predicts a Bitcoin price surge to $150,000 by the year’s end, the 2024 crypto market looks promising.