Ripple CEO Brad Garlinghouse believes XRP may soon join the United States’ digital asset reserve, potentially alongside Bitcoin. He also remains optimistic about the launch of an XRP Exchange-Traded Fund (ETF), citing the growing acceptance of cryptocurrencies under the current U.S. administration.
Government’s Changing Stance on XRP
In an interview with Bloomberg, Garlinghouse discussed how the U.S. government’s approach to cryptocurrencies has evolved. Initially, the presidential executive order left XRP out of the country’s digital asset stockpile, recognizing only Bitcoin as a strategic reserve.
However, he remains confident that XRP will gain inclusion soon. Garlinghouse highlighted a significant shift in the Trump administration’s outlook on the crypto industry.
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The government has recently adopted a more active regulatory stance, signaling a more favorable environment for digital assets. He sees this as an opportunity for Ripple and other crypto firms to engage with lawmakers and regulators more effectively.
Ripple’s Legal Challenges and Market Outlook
With the Securities and Exchange Commission (SEC) dropping its appeal against Ripple, Garlinghouse shared insights into the company’s future. He revealed that Ripple had spent nearly $150 million on legal battles.
Despite these challenges, the company has remained committed to expanding its global presence and strengthening its position in the market.
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Additionally, Garlinghouse noted the rising interest in XRP among investors and traders. He attributed this growth to the reduced regulatory pressure from the SEC, which had previously created uncertainty in the crypto market.
XRP’s Future in the U.S. Market
Garlinghouse believes the shifting regulatory landscape could pave the way for XRP’s inclusion in the U.S. strategic reserve and the approval of an ETF.
If these developments materialize, XRP could gain broader adoption and attract institutional investors. With regulatory concerns easing, he expects XRP’s market presence to strengthen significantly in the coming months.
