Ripple CEO Brad Garlinghouse is preparing to testify before the U.S. Senate. This event may significantly impact the regulation of XRP and its use in financial products.
CEO Ripple Testimony in Senate
Brad Garlinghouse, the CEO of Ripple, is scheduled to testify before the U.S. Senate, which is seen as a crucial step in clarifying the regulatory status of XRP and other transaction assets. This event is expected to open new opportunities for institutional access to XRP and ETF products.
Truth Social Includes XRP in ETF
Truth Social has filed an application to create an ETF that includes XRP alongside other cryptocurrencies such as BTC and ETH. This filing has reignited discussions about the potential integration of XRP into traditional financial products.
Current Market Position of XRP
Currently, XRP is trading at $2.29 with a daily gain of 1.7% and a 7-day gain of 4.2%. Over the past 12 months, its price has increased by 422.1%. XRP's market capitalization stands at $135.24 billion, making it the fourth largest crypto asset globally. The overall number of XRP holders is also increasing, reflecting growing interest in this cryptocurrency.
Brad Garlinghouse’s testimony in the Senate and the inclusion of XRP in the ETF from Truth Social highlight the increasing interest in this cryptocurrency and may contribute to its further development within the traditional financial system.
