Ripple CEO’s Comments on U.S. Accumulating XRP Sparks Speculations
Shortly after taking office, President Donald Trump signed an executive order to create a Presidential Working Group. This group was tasked with developing a federal framework for digital asset regulations and exploring the idea of a national “digital assets stockpile,” according to FOX Business reporter Eleanor Terrett.Ripple CEO’s View on XRP and U.S. AdoptionAmid ongoing discussions about Trump’s potential Bitcoin reserve, a fresh angle has surfaced.Ripple CEO brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the "Peanut Butter Manifesto," requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter. Details: Organization: RippleLocation: United StatesEducation: MBA from Harvard Business School and BA from The University of KansasSkills: Venture capital and Startups Experience: CEO at Ripplefrom from Jan 2017 - Present ·President and COO at Ripple logo from Apr 2015 - Dec 2016Board Member at Animoto from 2012 - Dec 2017Tonic Health, an R1 company logoBoard Member at Tonic Health from 2011-2016Board Member at Ancestry from 2013 - 2016CEO at Hightail from May 2012 - Sep 2014 FAQs Who is Brad Garlinghouse?The CEO of Ripple, a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, is Brad Garlinghouse. He has played a significant role in advancing cross-border payments using blockchain technology.What is Brad Garlinghouse's role at Ripple?Garlinghouse is in charge of Ripple's expansion and strategic direction in his capacity as CEO. Ripple has concentrated on using blockchain technology to enhance international payment networks under his direction. EntrepreneurInvestorChief Executive OfficerBoard Member has suggested that the U.S. government might eventually consider holding XRP tokens. Such a move could boost Ripple’s adoption and potentially lead to a significant increase in XRP’s price.Although Garlinghouse has not directly linked XRP to a digital reserve, speculation within the crypto community is growing. His push for clearer cryptocurrency regulations has raised expectations for Ripple’s future. Ripple’s earlier meetings with Trump’s administration also hint at potential lobbying efforts to promote XRP.Trump’s Focus on a Digital Asset StockpileIn a recent decision, Trump chose to prioritize a digital asset stockpile instead of a Bitcoin reserve. This shift has sparked questions, particularly among investors wary of political donations influencing policy. Ripple’s possible involvement in these developments has added fuel to the ongoing debates about the cryptocurrency market’s future.The Biggest ObstacleAdding to the controversy, Pierre Rochard recently claimed on X (formerly Twitter) that Ripple’s lobbying efforts are blocking the creation of a Strategic Bitcoin Reserve (SBR). Rochard alleged that Ripple is spending millions to undermine the SBR initiative while pushing for CBDCs built on their platform.The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, banks, or Elizabeth Warren. It’s Ripple/XRP. They are aggressively lobbying against the SBR by throwing around $millions at politicians, desperately trying to derail it. They did the same to…— Pierre Rochard (@BitcoinPierre) January 23, 2025Garlinghouse strongly denied these accusations, asserting that Ripple’s efforts align with the broader crypto community’s shared goal of creating a comprehensive strategic reserve—including Bitcoin.“Unless you are choosing to ignore the core tenants of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin).”Spotlight on U.S.-Based Crypto AssetsA report by the New York Post suggested that the Trump administration aimed to prioritize U.S.-founded crypto assets like XRP, Solana, and USDC as part of its digital asset strategy. Although Trump has not explicitly mentioned Bitcoin or XRP, the focus on American-founded cryptocurrencies could significantly impact XRP’s adoption and price outlook.XRP’s Market OutlookAs speculation around XRP’s potential role grows, the token is currently trading at $3.14, consolidating despite strong demand. While there is no official confirmation of XRP accumulation by the government, optimism persists. Based on historical trends and current market conditions, XRP’s price could realistically reach between $5 and $20 by the end of Q1 2025.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions.