Stating that XRP continues at full speed to be included in the US crypto asset reserve, he drew attention to the steps taken by the Trump administration towards the crypto sector. He said that the developments in the crypto regulations of the US government have opened a new door of opportunity for Ripple and XRP.

XRP to be Included in the US Crypto Reserve and ETF on the Way!

Brad Garlinghouse stated that he expects XRP to be included in the US crypto asset reserve as well as Bitcoin. Garlinghouse explained that the current administration’s positive approach to the cryptocurrency industry is positive and promising for the cryptocurrency industry. He also stated that his expectations are positive about the implementation of the XRP Exchange Traded Fund (ETF) in the near future.

In Garlinghouse’s interview with Bloomberg, he drew attention to the change in the US government’s perspective on the cryptocurrency sector. Although a presidential executive order did not include XRP in the list of digital assets that only Bitcoin is included in the strategic reserve, Garlinghouse stated that he is confident that XRP will be added to this list in the future.

Garlinghouse described the change in the US attitude towards the crypto sector to the Trump administration in this way: “In the past, we couldn’t meet with anyone at the White House. Now they’re open to us. This is an indication that the cryptocurrency market is accepted.

Ripple’s Future Plans and Legal Challenges

With the SEC withdrawing its appeal in the case against Ripple, it was an important turning point for the company’s future. Garlinghouse also noted that Ripple spent about $150 million to defend itself in this legal process. Following this victory, the company plans to pursue a more aggressive growth strategy on a global scale as the obstacles are removed.

Cryptocurrency Adoption Increases in the US

The US President Donald Trump administration aims to pave the way for the sector by reducing legal pressure on digital assets by dropping some of the lawsuits filed against cryptocurrency exchanges such as Coinbase and Binance. With US President Donald Trump continuing to make active posts and initiatives on cryptocurrency since his first day in office, developments in the cryptocurrency industry continue to increase day by day. In particular, the historic lawsuit filed against XRP was concluded years later, but the result was appealed and remained on the agenda again.

With the US administration’s perspective on the cryptocurrency sector, the SEC dropped the appeal and relieved the XRP side.

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Key Topics in the Crypto Industry

“We discussed a lot of topics such as Biden’s veto of SAB 121, Gensler still at the SEC, and the latest SEC spot on Ethereum ETF clearance.”

Among them, he noted the recent development of a new focus on institutions at the national level. Election of pro-crypto, pro-innovation, and pro-consumer protection officials to key positions was highlighted by him, elaborating on the improvements in the industry’s incorporation into mainstream leadership.

It was to be expected, according to Garlinghouse, that recently the SEC cleared the Ethereum ETF. He explained that the SEC has been losing in politics, and the court of public opinion among other domains. Therefore, the decision not to approve Ethereum ETFs might have resulted in another loss-making situation for the commission.

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As much as Garlinghouse celebrates development in the crypto industry, his choice of the key decision that the Biden administration has to make is simply selecting Gary Gensler as the SEC Chair removed. To him, this is the most imperative step towards moving forward the appeal to the voters of crypto and development.

However, the CEO raised concern over President Biden’s veto of Congress’s decision on the Staff Accounting Bulletin (SAB 121). For instance, from the White House, he described the action as “incredibly disappointing,” making reference to the fact that Biden’s government has chosen a pivotal time to make an error.

According to Garlinghouse, the SAB 121 veto notification laid down the Biden administration’s attitude towards cryptocurrencies and could impact certain crypto-voters in the forthcoming US presidential elections.

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