The future of cryptocurrency in the United States has been a topic of increasing scrutiny, particularly in light of recent executive orders and the ongoing regulatory challenges faced by various crypto assets. XRP, the digital currency tied to Ripple, has found itself at the center of this conversation, with Ripple CEO Brad Garlinghouse offering details into why XRP was not specifically named in President Trump’s executive order for the U.S. digital asset stockpile.
Why Was XRP Left Out?
During a recent discussion with Bloomberg, Garlinghouse addressed the exclusion of XRP from the executive order that focused on creating a strategic reserve for Bitcoin and other cryptocurrencies. “XRP was named by President Trump in a post on Truth Social,” Garlinghouse pointed out, referencing a statement where the former President had discussed the creation of a Bitcoin strategic reserve and a broader crypto stockpile that would include other assets like XRP. Despite this, XRP was not specifically mentioned in the executive order itself.
“I don’t know what specifically was in the executive order,” Garlinghouse said. “But my understanding is there’s going to be a Bitcoin strategic reserve, and there will be a crypto stockpile representing other cryptos. I would expect that XRP will be included.”
Confidence in the Future of XRP and Crypto ETFs
Garlinghouse also shared his confidence in the growing momentum of crypto exchange-traded funds (ETFs) in the U.S. He said that there are currently 11 filings pending with the SEC for ETFs, with major firms like Bitwise and Franklin Templeton leading the charge. “I think those will be live in the second half of this year,” he predicted.
Despite some outflows from crypto ETFs, Garlinghouse pointed to the increasing inflows into XRP, saying that this is a result of the “false negative pressure” caused by the SEC’s past actions against Ripple. “There’s a kind of exhaustion from the market with the SEC’s actions, and it’s starting to reverse,” he said. This sentiment shift could position XRP to benefit from an evolving regulatory environment and an industry that’s beginning to find its footing within U.S. borders.
