- Garlinghouse believes XRP will join the U.S. digital asset reserve alongside Bitcoin.
- Ripple’s $150 million legal defense positions the company for future growth.
- The U.S. government’s evolving stance on crypto may benefit Ripple and other industry players.
Ripple CEO Brad Garlinghouse remains optimistic that XRP will gain entry into the United States digital asset stockpile since it currently holds only Bitcoin. During his interview Brad Garlinghouse noted the evolving attitude of the U.S. government toward digital assets under the current federal administration.
During his Bloomberg interview Garlinghouse emphasized that the Trump administration has displayed a newfound positive attitude toward cryptocurrency industries. Garlinghouse maintains an optimistic outlook despite an initial executive order that banished XRP from the U.S. digital reserve. Garlinghouse predicts that XRP will gain approval from the U.S. digital reserve through a changing official perspective toward cryptocurrency.
Ripple’s Legal Challenges and Future Outlook
Garlinghouse also discussed the company’s current position following the U.S. Securities and Exchange Commission’s (SEC) decision to drop its appeal against Ripple. He revealed that Ripple had spent nearly $150 million defending itself from legal challenges. Despite this significant expense, the company is now in a more favorable position as it looks forward to further growth.
Ripple can now align efforts with its extended objectives because this legal triumph has occurred during clearer cryptocurrency regulation conditions. A removal of the SEC lawsuit enables Ripple to advance and introduce innovative solutions in the digital asset sector according to Garlinghouse.
The Growing Acceptance of Cryptocurrencies in the U.S.
During the Trump administration the United States government stepped forward to actively regulate digital assets. This includes Coinbase and Binance along with other cryptocurrency exchanges that benefit from the United States government’s decision to withdraw multiple lawsuits while simultaneously creating better conditions for Ripple to operate. Garlinghouse expressed optimism that new chances would emerge for Ripple due to regulatory changes while the company maintains close cooperation with lawmakers and regulators.
Garlinghouse stated that the relief from SEC pressure generated new investor and trader interest in XRP. Market interest in XRP continues to increase because regulatory uncertainty decreases which leads to the asset’s market expansion.
