21 March | Other

CryptoPotato: Ripple CEO expects XRP to have a share in US Crypto Strategic Reserve

CryptoPotato: Ripple CEO expects XRP to have a share in US Crypto Strategic Reserve

Ripple CEO Brad Garlinghouse expresses optimism regarding XRP's future. He believes the cryptocurrency could be included in the US Crypto Strategic Reserve, following President Donald Trump's executive order. Garlinghouse also anticipates the debut of an exchange-traded fund (ETF) based on XRP by the end of 2025, according to experts from the portal CryptoPotato.

As the head of Ripple noted, he does not rule out the possibility of an initial public offering (IPO), although it is not a priority for the company.

Ripple Labs postponed its planned 2020 IPO because of the legal dispute with the US Securities and Exchange Commission (SEC). After the agency recently withdrew its lawsuit, XRP surged in value, briefly becoming the third cryptocurrency by market capitalization after Bitcoin and Ethereum.

Furthermore, CryptoPotato reports that the SEC has also withdrawn lawsuits and investigations against several other cryptocurrency companies, including Uniswap Labs, Robinhood, OpenSea, Coinbase, Consensys, Yuga Labs, and Kraken. The move indicates a transformative change in the United States' regulatory approach to cryptocurrencies and blockchain-based financial instruments.

Elena Dorokhina MarketCheese
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