In a recent interview, Ripple’s CEO, Brad Garlinghouse, expressed a strong belief that XRP will soon be part of the U.S. government’s digital asset stockpile, underscoring the token’s increasing prominence on the global stage. Garlinghouse noted that multiple applications for a spot XRP exchange-traded fund (ETF) are currently under review, hinting at the possibility of approvals before the year’s end.
This sentiment emerges amid a wave of optimism regarding Ripple’s influence in the U.S. regulatory environment. Garlinghouse compared the current climate to that of the previous administration, stating that under President Biden, Ripple executives struggled to secure meetings at the White House, whereas under Trump, they were more readily welcomed. This shift indicates a more favorable approach to the cryptocurrency sector under the current administration.
Garlinghouse mentioned that over a dozen firms, including notable players like Franklin Templeton and Bitwise, are in the race to launch an XRP ETF. He believes that this initiative would not only provide a regulated framework for investors but also enhance liquidity and broaden adoption of XRP.
In tandem with this development, Ripple’s partner, SBI Holdings, is amplifying its use of XRP through the newly introduced “SBI Hyper Deposit” initiative. This program allows participants to receive actual XRP credited to their accounts through partnerships with Shinsei Bank and SBI VC Trade, effectively merging traditional banking systems with cryptocurrency capabilities.
The positive momentum for Ripple extends into legislative discussions as well. At a recent Senate Banking Committee roundtable, Cardano founder Charles Hoskinson praised Ripple’s impactful role in advancing bipartisan crypto legislation. This acknowledgment, alongside contributions from other companies like Coinbase and Circle, highlights XRP’s potential influence in shaping U.S. digital asset policy.
Although uncertainties linger regarding the precise timing of ETF approvals, Garlinghouse remained optimistic about XRP’s future. He confidently remarked that the token is set to be included in a crypto stockpile alongside other major digital assets, positioning XRP as a reliable reserve asset that is increasingly integrated into mainstream finance.
