Ripple is navigating a new socio-economic landscape following recent victories in legal disputes with the SEC.
Ripple's Stance on the Fine
Ripple CEO Brad Garlinghouse stated in a Fox Business interview that the company might pay a $50 million fine in cryptocurrency XRP. This information surfaced after US President Donald Trump announced the establishment of a crypto strategic reserve that will include XRP, Solana (SOL), and Cardano (ADA).
Changes in Cryptocurrency Regulations
Garlinghouse noted that the regulatory landscape for cryptocurrencies in the US is beginning to shift. He believes the new SEC administration may positively influence the perception of cryptocurrencies. "We've gone from headwinds to tailwinds," he remarked, discussing recent regulatory changes facing the crypto industry.
Predictions for Bitcoin and XRP
In the interview, Garlinghouse also made a prediction regarding Bitcoin's price, stating that $200,000 does not sound unreasonable. However, he refrained from being overly optimistic about XRP. Nonetheless, XRP has shown good performance over the last three months, although its price has dropped by 16% over the past 60 days.
Ripple's position in the cryptocurrency world is likely to strengthen due to changing regulatory environments and successful court outcomes. However, uncertainty in the cryptocurrency market remains a significant factor influencing prices.
