Markets Ripple’s CEO Confident of XRP in U.S. Strategic Reserve, Says IPO is “Possible”
Ripple CEO Brad Garlinghouse sees carefully associated XRP as a part of the White House’s proposed digital asset stockpile and anticipates the launch of an XRP exchange-traded fund (ETF) earlier than the tip of 2025, per a Bloomberg Markets interview.
Garlinghouse’s optimism got here after the decision of Ripple’s long-standing authorized battle with the U.S. Securities and Exchange Commission (SEC), which concluded with the company dropping its case towards the corporate on Wednesday.
“XRP was named by the President of Truth Social. (He said) there’s gonna be a bitcoin strategic reserve and a crypto stockpile that will include things like XRP,” Garlinghouse advised Bloomberg’s Sonali Basak, referring to the initiative formalized by President Donald Trump’s government order in early March.
The Ripple CEO additionally foresaw a “wave of XRP ETF approvals” within the second half of 2025, noting a rising checklist of over ten purposes pending with the SEC from corporations like Bitwise and Franklin Templeton.
“I have immense confidence in the ETFs,” he stated, pointing to the success of XRP exchange-traded merchandise (ETPs) outdoors the U.S. Meanwhile, a Ripple Labs IPO isn’t out of query both. “Something is possible; it isn’t a huge priority,” he stated.
XRP has climbed 11% to over $2.51 prior to now 24 hours, main beneficial properties within the broader market. It has flipped USDT to turn out to be the third-largest token by market capitalization behind bitcoin and ether (ETH) as of Asian morning hours Thursday.
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