Ripple CEO Sees Enormous Potential for XRP Amid Regulatory Shift

Ripple and XRP Take Center Stage in "60 Minutes" Interview

Ripple CEO Brad Garlinghouse has expressed optimism for XRP’s future, pointing to a possible regulatory shift following Donald Trump’s election. Garlinghouse, in a recent tweet, shared his belief that the challenges Ripple and XRP faced—particularly from the U.S. Securities and Exchange Commission (SEC)—may soon lessen.

Garlinghouse noted Ripple’s long-standing issues with the SEC, which launched a lawsuit against the company nearly four years ago. He described the SEC’s actions over the past six years as “unnatural and manipulative,” asserting they have hindered XRP’s growth. This lawsuit created significant headwinds, making it difficult for XRP to reach its full potential in the market.

Shifting Tides Under Trump’s Administration

With Trump’s incoming administration, Garlinghouse sees a shift from regulatory obstacles to potential support for XRP and other digital assets. Trump has proposed several crypto-friendly policies, including forming a strategic Bitcoin reserve and replacing SEC Chair Gary Gensler. Garlinghouse suggests this stance could bring long-sought clarity to XRP’s regulatory status, paving the way for its resurgence.

Related article: Ripple CEO Advocates for Clearer U.S. Crypto Rules Under New Leadership

Garlinghouse reflected on XRP’s past successes, highlighting its position as the second-most valuable cryptocurrency in January 2018, when it reached an all-time high. Since then, XRP’s value has dropped by nearly 90%, currently sitting at $0.5506. However, Garlinghouse remains confident that XRP could regain a strong standing, especially if regulatory clarity allows for broader adoption and growth.

Garlinghouse Calls for Immediate Action

In a message to the XRP community, Garlinghouse expressed enthusiasm about the possibility of renewed momentum for XRP. He congratulated Trump on his election win and urged him to act quickly on his promise to replace Gensler and bring clarity to the crypto space. 

Related article: Ripple CEO Calls for Accountability for SEC’s Gary Gensler

Garlinghouse also called for Ethereum’s regulatory status to be clarified, just as XRP’s has been. Members of the XRP community have responded positively to Garlinghouse’s comments, expressing hope for a brighter future in 2025 under a more supportive administration. 

As the tides potentially turn in XRP’s favor, many see this as the beginning of a new chapter, with Garlinghouse’s confidence underscoring the asset’s promising future.

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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