- Garlinghouse is confident XRP will join the U.S. digital asset stockpile and Bitcoin reserve.
- Ripple CEO draws attention to the $150 million earlier and the easing regulatory overtures from the new Trump regime
- U.S. government’s crypto regulations evolve, creating opportunities for Ripple and XRP
Ripple CEO Brad Garlinghouse believes XRP is on track to be included in the United States’ digital asset stockpile, potentially alongside Bitcoin.
Garlinghouse also stayed optimistic on the launch of an XRP Exchange-Traded Fund (ETF) as early as possible, because of the rising acceptance digital currencies hold now under the current US administration.
In an interview with Bloomberg, Garlinghouse discussed the evolving approach of the US government towards cryptocurrencies. While the presidential executive order had excluded XRP from an initial digital asset stockpile with just Bitcoin as their strategic reserve, Garlinghouse remains confident about XRP’s future inclusion.
He pointed to a significant shift in the Trump’s administration’s perspective on the cryptocurrency industry. Brad Garlinghouse stated:
“In the past, we couldn’t meet anyone at the White House. Now, we are welcomed, this change shows a broad acceptance of the crypto market.”
Related: Ripple Wins Big (Again): SEC Drops Appeal in XRP Lawsuit – What’s Next for the Company and XRP?
Ripple’s Future Outlook
Garlinghouse also provided insights into Ripple’s future, now that the SEC has decided to drop their appeal against Ripple.
Garlinghouse detailed that the company had spent close to $150 million defending itself against legal challenges.
Crypto Expanding in the U.S
Under Trump, the U.S. government has adopted a more active regulatory stance on digital assets, dropping several of the lawsuits filed against crypto exchanges such as Coinbase and Binance.
Garlinghouse sees this shift as potentially creating a more favorable environment for industry participants like Ripple, which has been actively engaging with lawmakers and regulators.
Related: XRP Price Alert March 19: Ripple vs. SEC – Settlement or More Legal Shadows?
Garlinghouse also pointed out the rise in XRP interest among investors/traders. He credited this to the diminishing pressure from the SEC, which had previously been a significant headwind for the crypto market.
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