Ripple CEO Recalls XRP As 2nd Largest, Says XRP Army Has Huge Opportunity

Ripple CEO Brad Garlinghouse has shared a bullish outlook for XRP, pointing to the potential regulatory shifts following Donald Trump’s presidential election victory.

Garlinghouse highlighted these changes as a turning point for Ripple and XRP, particularly after years of challenges posed by the U.S. Securities and Exchange Commission (SEC).

Since December 2020, the SEC has tangled with Ripple in a lawsuit, alleging that XRP was sold as an unregistered security.

This lawsuit has been a significant obstacle to XRP’s market potential, with Garlinghouse describing the SEC’s approach as “unnatural and manipulative.” He believes these ongoing regulatory hurdles have constrained the token’s growth, acting as “headwinds” that have held back its true potential.

Optimism Under New Leadership

However, Garlinghouse is now optimistic that the incoming Trump administration could change the regulatory climate surrounding digital assets in the U.S., offering a more welcoming approach to cryptocurrencies.

Trump’s administration has signaled intentions to take proactive measures, including a proposal to establish a strategic Bitcoin reserve. This effort is to make the U.S. a global leader in the crypto space.

Garlinghouse has also endorsed Trump’s pledge to remove current SEC Chair Gary Gensler, who many in the industry see as an obstacle to crypto-friendly policies.

In a congratulatory message to Trump, Garlinghouse called for quick action, encouraging the incoming administration to follow through on campaign promises to fire Gensler on the first day in office . He urged the new administration to provide regulatory clarity for Ethereum and other cryptocurrencies in line with recent rulings that clarify XRP securities status.

Looking Back: XRP’s Market Standing

Reflecting on XRP’s history, Garlinghouse noted the asset’s past strength, reminding the community that the digital asset was once the second-largest cryptocurrency by market capitalization, reaching an all-time high of $3.84 in January 2018.

Since then, XRP’s value has significantly decreased, trading at around $0.55 at press time. Despite this, Garlinghouse expressed confidence in XRP’s potential to regain its former position, noting that the asset’s future could be “enormous” in a more supportive regulatory landscape.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Community Support and Market Potential

Garlinghouse’s statements have resonated strongly within the XRP community, often called the “XRP Army.” His comments have ignited renewed enthusiasm, with community members like Edward Farina seeing 2025 as a potential “new beginning” for XRP.

XRP enthusiasts believe the token could see enhanced adoption with diminished regulatory constraints, positioning it to make significant gains in the digital asset market.

Many have voiced optimism that the currency may finally regain ground in an environment that encourages rather than restricts crypto innovation.

Anticipated Changes in U.S. Crypto Policy

Market analysts and industry experts are also watching for shifts in the regulatory landscape under the new administration. Expectations of a more accommodating stance toward digital assets suggest that XRP and similar cryptocurrencies could operate with greater freedom and reduced legal uncertainty, which could drive broader market acceptance and support further innovation.

Garlinghouse’s statements offer a clear message to the XRP community and the broader crypto industry: Ripple is prepared to take advantage of this changing landscape.

Although XRP has faced severe setbacks due to legal and regulatory barriers, Garlinghouse’s recent comments signal hope that this period of challenges may be nearing an end. As Ripple’s CEO sees it, the future for XRP is “enormous,” with significant opportunities likely to emerge as regulatory pressures ease.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter , Facebook , Telegram , and Google News