The Future of Cryptocurrency in the United States

The future of cryptocurrency in the United States has drawn increasing scrutiny, particularly due to recent executive orders and ongoing regulatory challenges faced by various crypto assets. XRP, the digital currency associated with Ripple, is central to this discourse, with Ripple CEO Brad Garlinghouse providing insights into why XRP was not specifically addressed in President Trump’s executive order regarding the U.S. digital asset stockpile.

Why Was XRP Left Out?

In a recent discussion with Bloomberg, Garlinghouse spoke about the omission of XRP from the executive order aimed at establishing a strategic reserve for Bitcoin and other cryptocurrencies. He mentioned that President Trump had referenced XRP in a post on Truth Social, where the former President discussed creating a Bitcoin strategic reserve alongside a broader crypto stockpile potentially including various assets such as XRP. However, XRP was not explicitly named in the executive order itself.

Garlinghouse remarked, “I don’t know what specifically was in the executive order, 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 expressed optimism regarding the growing momentum of cryptocurrency exchange-traded funds (ETFs) in the U.S. He noted that there are currently 11 ETF filings pending with the SEC, led by major firms like Bitwise and Franklin Templeton. “I think those will be live in the second half of this year,” he predicted.

Despite some outflows from crypto ETFs, Garlinghouse highlighted the increasing inflows into XRP, attributing this to the “false negative pressure” from the SEC’s actions against Ripple. He stated, “There’s a kind of exhaustion from the market with the SEC’s actions, and it’s starting to reverse.” This sentiment shift could position XRP favorably as the regulatory landscape evolves and the industry begins to stabilize within U.S. borders.