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The head of Ripple, Brad Garlinghouse, said that the total market capitalization of cryptocurrencies could double by the end of 2025. This is reported by The Block, referring to an interview with the head of Ripple to CNBC. According to Coimarketcap, the market capitalization of the cryptocurrency market now stands at about $2.59 trillion. Thus, if doubled, it will exceed $5 trillion. Last week, Ripple, the issuer of the XRP token, announced the launch of its own stablecoin on the XRP Ledger and Ethereum blockchains by the end of the year. The fourth halving of bitcoin is planned for April, that is, a halving of the reward for each newly mined block of transactions. Many experts consider halving as a bullish factor for the price of the first cryptocurrency. However, analysts at Coinbase, a major cryptocurrency exchange, believe that the market has already priced in the upcoming event. Brad Garlinghouse said that he expects a clearer and more transparent regulatory framework for cryptocurrencies to appear in the United States after the presidential election in 2024. Garlinghouse noted that the current US administration, represented by the Securities and Exchange Commission (SEC), has demonstrated a negative attitude towards cryptocurrencies. The upcoming US presidential election could have a significant impact on the cryptocurrency industry, says Matthew Siegel, head of the digital assets analysis department at the investment company VanEck. The expert stressed that the Joe Biden administration makes it difficult for banks and brokers to work with cryptocurrencies, and the change of the country's leadership will have a positive impact on the industry.