Ripple CEO Brad Garlinghouse has expressed confidence that XRP will be included in the White House's digital asset inventory and expects an XRP exchange-traded fund (ETF) to launch later this year.
In a recent interview, Garlinghouse addressed why XRP was not explicitly mentioned in a recent executive order regarding the U.S. government’s digital asset stockpile. He pointed to a post by President Trump on Truth Social that suggested creating a Bitcoin strategic reserve and a broader crypto stockpile encompassing other digital assets. While XRP was not mentioned by name in the executive order, Garlinghouse believes it would be part of a broader initiative.
“My understanding is that there will be a Bitcoin strategic reserve and a crypto stockpile representing other cryptos. I would expect that to include XRP,” he said.
Garlinghouse also noted the shift in regulatory stances under the current administration, comparing it to the Biden administration, which Ripple claims has failed to secure meetings with White House officials, noting that the current administration is more open to discussions regarding cryptocurrency regulation and industry development.
In addition to the cryptocurrency stock speculation, Garlinghouse expressed strong confidence that an XRP ETF will be approved in the U.S. this year. He said the number of ETF applications pending with the Securities and Exchange Commission (SEC) is increasing, including applications from major financial firms such as Bitwise and Franklin Templeton.
He also noted that while some crypto ETFs have seen outflows, XRP-related exchange-traded products (ETPs) in international markets have seen increased inflows. He attributed this to the decline in negative pressure from the SEC’s legal actions against Ripple, noting that previous regulatory hurdles artificially suppressed market interest in XRP.
Responding to questions about the potential inclusion of XRP in the U.S. crypto stockpile, Garlinghouse suggested that seized coins could play a role.
“As I understand it, the stockpile will be represented by cryptocurrencies seized other than Bitcoin. Various law enforcement agencies have seized cryptocurrencies, including XRP, and these will go into the stockpile along with the Bitcoin strategic reserve,” he said.
*This is not investment advice.
