Brad Garlinghouse, Ripple‘s CEO, has expressed his thoughts about the company and its direction under the new administration of President Donald Trump.
The comments from the CEO come at a time when XRP is enjoying strong bullish momentum.
Ripple’s $11 Billion Valuation “Outdated”
In regards to Ripple’s market performance, Garlinghouse stated that their earlier valuation of $11 billion is no longer current. He noted that the value of XRP owned by Ripple itself surpasses $100 billion. At the time of press, the XRP token was trading at approximately $2.44, representing an increase of more than 20% over the past week, as per CoinGecko’s data.
Additionally, he pointed out that the private market trades for Ripple have proven significantly less expensive than similar cryptocurrency firms like MicroStrategy.
During his conversation with Citizens JMP, Brad Garlinghouse likewise delved into Ripple’s latest stablecoin, Ripple USD, and its significance in the wider XRP community framework.
Or simply:
In his chat with Citizens JMP, Brad Garlinghouse touched on Ripple’s new stablecoin, Ripple USD, and its function within the larger XRP environment.
He emphasized the extensive institutional partnerships and payment handling expertise that Ripple possesses, which makes it an ideal candidate for introducing a stablecoin that will be widely trusted on a global scale by its users.
As a seasoned crypto investor, I’ve always appreciated Ripple’s deep-rooted connections with institutional partners. Their extensive experience in managing payment systems gives them an edge in bringing products to market that are not just innovative, but also highly trusted. They were pioneers in obtaining a trust license, setting a precedent for others in the industry.
Garlinghouse pointed out that Ripple USD serves to strengthen the XRP Ledger by boosting its market fluidity. He emphasized that increased fluidity within the XRP Ledger benefits the entire XRP system as a whole. This enhanced fluidity works to minimize transactional friction.
On a separate note, cryptocurrency attorney John Deaton expresses his viewpoint that it is likely Ripple will launch its initial public offering (IPO) by the end of 2025 or the beginning of 2026.
Deaton stated in a tweet that he anticipates a Ripple Initial Public Offering (IPO) either towards the end of 2025 or the beginning of 2026. The specific timing hinges on the level of aggressiveness shown by Paul Atkins as SEC Chairman. He forecasts that the appeal will be withdrawn, Ripple will settle the fine, and the case will come to a close.
As a crypto investor, I’m reflecting on a statement made by Garlinghouse earlier, where he mentioned that Ripple chose not to go public under the previous SEC administration because it wasn’t advantageous at the time. Now, if Paul Atkins assumes the role of SEC chairman swiftly, the ongoing legal battle between Ripple and the SEC could potentially be resolved in the first quarter of this year.
Ripple CEO Optimistic for New Crypto-Friendly Regulations
Additionally, Garlinghouse discussed the legal challenges faced by the company, notably the ongoing dispute with the U.S. Securities and Exchange Commission (SEC). He highlighted how this lawsuit momentarily slowed Ripple’s expansion, compelling the company to divert its attention towards global marketplaces.
“Today 95% of our customers are non-US financial institutions,” the CEO said.
As a crypto investor, I’ve expressed my concerns about the Securities and Exchange Commission (SEC) and their allegedly “abusive” approach to regulation. In my opinion, their enforcement-focused tactics haven’t been particularly helpful or constructive in fostering growth in the cryptocurrency space. However, I’m hopeful that under President Trump, the regulatory climate may become more welcoming towards digital currencies.
According to Garlinghouse, new regulations can provide clarity on how digital assets are classified, with a focus on their treatment under securities legislation.
According to the head of Ripple, it’s likely that new regulations will be implemented by mid-2025. Furthermore, he predicts that oversight of cryptocurrencies might be handed over to the Commodity Futures Trading Commission (CFTC) in the future.
Additionally, it’s worth noting that following the recent election, the CEO highlighted an increase in potential business ventures and partnerships for Ripple within the United States.
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2025-01-07 12:40