In a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse expressed strong confidence in the future inclusion of XRP in the White House’s digital asset stockpile. He indicated that the government, under President Biden, has exhibited a more welcoming attitude toward cryptocurrency compared to previous administrations, particularly noting the stark contrast with the Trump era when securing meetings was challenging.
Garlinghouse’s optimism extends beyond the digital asset stockpile; he anticipates that several spot XRP exchange-traded fund (ETF) applications currently under review will also be approved, potentially leading to launches by the end of this year. His assertions come at a time when XRP has shown impressive growth, with a 438.4% increase in value over the past year. Currently, the digital asset is trading at $3.10, reflecting a 3.05% rise over the past week.
The optimism surrounding XRP is bolstered by the presence of approximately a dozen spot XRP ETF applications being evaluated by regulatory bodies, including notable firms like Franklin Templeton. Garlinghouse expressed “immense confidence” in the possibility of an ETF launch occurring in 2025.
Additionally, during a recent roundtable at the Senate Banking Committee meeting discussing the CLARITY Act, Cardano founder Charles Hoskinson praised both Ripple and venture capital firm Andreessen Horowitz for their contributions to the ongoing discussion about cryptocurrency regulation. He highlighted the diverse participation from various stakeholders, including representatives from Coinbase, Circle, Kraken, Multicoin Capital, and Paradigm, which collectively indicate positive movement toward bipartisan legislation.
This week, the XRP community has further reason to celebrate as industry leaders join forces to inform a historic crypto policy proposal, suggesting significant progress is being made on legislative frameworks that could shape the future of the cryptocurrency market in the United States.
