{"id":18284,"date":"2025-03-20T15:01:56","date_gmt":"2025-03-20T15:01:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18284"},"modified":"2025-03-20T15:01:56","modified_gmt":"2025-03-20T15:01:56","slug":"ripple-ceo-talks-xrps-future-us-strategic-reserve-ipo-and-spot-etfs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18284","title":{"rendered":"Ripple CEO Talks XRP\u2019s Future: US Strategic Reserve, IPO And Spot ETFs"},"content":{"rendered":"
\n

In an interview with Bloomberg, Ripple CEO Brad Garlinghouse discussed the conclusion of Ripple\u2019s lawsuit with the US Securities and Exchange Commission (SEC), as well as the company\u2019s strategic outlook. Garlinghouse touched on everything from a potential IPO to the possibility of XRP playing a role in the new US Crypto Stockpile.<\/p>\n

Ripple Vs. SEC Case Conclusion<\/h2>\n

Garlinghouse described the legal battle with the SEC, originally launched in December 2020, as having effectively ended<\/a>. According to him, the SEC has agreed to drop its appeal against the earlier court decision ruling that \u201cXRP in and of itself was not a security.\u201d<\/p>\n

\u201cWe won on the key parts of the case in the summer of \u201923. Judge Torres made a ruling that XRP in and of itself was not a security. The SEC filed an appeal about eight months ago, and what they\u2019ve now agreed is that they\u2019re going to drop that appeal.\u201d<\/p>\n

Although Ripple still has a cross-appeal in place, Garlinghouse indicated that, going forward, the company has far more control over its legal strategy. He noted that what remains under discussion is whether Ripple continues to pursue the return of a significant escrowed amount\u2014$125 million\u2014which relates to a penalty the court had imposed for sales of XRP to certain institutional investors: \u201cThere was a $125 million fine<\/a> that\u2019s sitting in escrow. We wouldn\u2019t mind having that back. That\u2019s on the table.\u201d<\/p>\n

Garlinghouse stressed that Ripple\u2019s stance stems from the fact that \u201cno investors lost any money\u201d in connection with the disputed XRP sales. He criticized former SEC Chair Gary Gensler\u2019s approach<\/a> to crypto oversight, calling it \u201ca power grab\u201d meant to expand the SEC\u2019s reach.<\/p>\n

US Crypto Stockpile And Spot XRP ETFs<\/h2>\n

Garlinghouse also indicated that XRP could feature in a new federal initiative. While acknowledging that the Trump administration\u2019s executive order<\/a>, establishing a Strategic Bitcoin Reserve and a separate Crypto Stockpile, did not explicitly name XRP, the Ripple chief believes XRP is a natural fit.<\/p>\n

\u201cMy understanding is there\u2019s going to be a Bitcoin strategic reserve. There\u2019ll be a crypto stockpile representing other cryptos, and I would expect that will include XRP. [\u2026] My understanding is that the stockpile would be represented by seized other cryptos other than Bitcoin. That then will be in that stockpile. So to the extent that various law enforcement agencies have seized cryptos, which would include XRP, that those would go into the stockpile in addition to the Bitcoin strategic reserve,\u201d Garlinghouse remarked.<\/p>\n

Garlinghouse also sounded optimistic about the prospects for spot XRP exchange-traded funds (ETFs). Multiple proposals are on the SEC\u2019s desk from well-known asset managers: \u201cThere are 11 different filings pending with the SEC to launch ETFs, from everybody from Bitwise to Franklin Templeton and a whole bunch of people in between. I think those will be live in the second half of this year.\u201d<\/p>\n

Moreover, he highlighted that even though some crypto-linked products have seen outflows, inflows to XRP-based products continue. This, he said, reflects the \u201cfalse negative pressure\u201d that dogged XRP during the SEC case.<\/p>\n

IPO Or Acquisitions?<\/p>\n

Speculation about Ripple going public has circled for years. With regulatory clarity improving, Garlinghouse acknowledged the possibility of an initial public offering (IPO)<\/a>, though he made it clear that this is not the company\u2019s top priority. \u201cIt isn\u2019t a huge priority. Most companies go public because raising capital is high on their radar. We have been in a very fortunate position to be able to grow the business organically.\u201d<\/p>\n

Instead, he pointed to acquisitions as a more immediate focus for Ripple. Garlinghouse sees industry-wide \u201cconsolidation\u201d this year, especially as the US crypto market transitions from regulatory headwinds to potential tailwinds: \u201cWe will look at other things that are blockchain infrastructure companies. I think there will be consolidation this year. There\u2019s a lot of excitement about some of the changes, and we will lean into that for sure.\u201d<\/p>\n

Turning to stablecoins\u2014an area gaining bipartisan support in Washington\u2014Garlinghouse said Ripple is placing significant weight on its own stablecoin, RLUSD<\/a>, which launched late last year. The stablecoin currently sits around $230 billion in total stablecoin supply, but many analysts predict it could grow tenfold over the next five years.<\/p>\n

\u201cRipple launched its own stablecoin at the end of last year. That\u2019s already ahead of our own internal forecasts\u2026 The goal is by the end of the year for RLUSD [\u2026] to be one of the top five in the market.\u201d<\/p>\n

He noted increased activity in stablecoin use cases, such as Robinhood\u2019s movement toward 24-hour trading. With stablecoin legislation already advancing through Congress, Garlinghouse expects the entire market to \u201cgrow dramatically this year.\u201d<\/p>\n

At press time, XRP traded at $2.44.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

In an interview with Bloomberg, Ripple CEO Brad Garlinghouse discussed the conclusion of Ripple\u2019s lawsuit with the US Securities and Exchange Commission (SEC), as well as the company\u2019s strategic outlook. Garlinghouse touched on everything from a potential IPO to the possibility of XRP playing a role in the new US Crypto Stockpile. Ripple Vs. SEC […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18284","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18284"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18284\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}