Ripple CEO Brad Garlinghouse expressed confidence that digital asset XRP could join U.S. reserves, overcoming legal obstacles and leveraging changes in government policy.
Changes in U.S. Government Stance
In his Bloomberg interview, Brad Garlinghouse highlighted a positive shift in the Trump administration's attitude towards cryptocurrencies. Despite an initial order banning XRP from reserves, Garlinghouse believes that XRP will gain approval due to a changing official perspective on cryptocurrencies.
Ripple's Legal Challenges and Outlook
Garlinghouse also discussed the company's current position following the SEC's decision to drop its appeal against Ripple. The company spent nearly $150 million on legal defense. Despite this significant expense, Ripple is now better positioned for growth. The removal of the SEC lawsuit allows Ripple to innovate solutions in the digital asset sector.
Growing Acceptance of Cryptocurrencies in the U.S.
During the Trump administration, the U.S. government took steps to actively regulate digital assets. Companies like Coinbase and Binance benefited from these decisions. Garlinghouse is optimistic about new opportunities for Ripple as it works closely with lawmakers and regulators.
Relief from SEC pressure has increased investor and trader interest in XRP. The asset’s market interest continues to grow as regulatory uncertainty diminishes, leading to market expansion.
