Ripple CEO Brad Garlinghouse expressed confidence that XRP will be included in the White House's digital asset inventory and expects an XRP ETF to launch this year.
XRP and the White House Digital Reserve
In a recent interview, Garlinghouse addressed why XRP was not explicitly mentioned in a recent executive order regarding the U.S. government’s digital asset stockpile. He expects XRP to be part of a broader initiative aimed at creating a strategic reserve of cryptocurrencies.
Regulatory Situation in the US and Impact on Ripple
Garlinghouse also noted the shift in regulatory stances under the current administration, comparing it to the Biden administration, which Ripple claims has failed to secure meetings with White House officials. The current administration is more open to discussions on cryptocurrency regulation.
Expected Approval of XRP ETF
Garlinghouse expressed strong confidence that an XRP ETF will be approved in the U.S. this year, citing the number of ETF applications pending with the Securities and Exchange Commission. He noted that international markets are seeing increased interest in XRP-related products, despite previous regulatory hurdles.
Garlinghouse's confidence in the future of XRP in the financial market highlights the changes in the US regulatory environment and the potential inclusion of XRP in national reserves.
