Amelie (@_Crypto_Barbie), a well-known crypto influencer, shared an interview on X featuring Ripple CEO Brad Garlinghouse. In the discussion, Garlinghouse addressed the absence of XRP in the newly announced U.S. digital asset stockpile’s executive order, despite President Donald Trump previously naming the digital asset. Trump’s Digital Asset Stockpile and XRP Trump recently announced plans for a U.S. strategic crypto reserve , and in his Truth Social post, he listed XRP among the assets that could be included. However, the official executive order establishing the stockpile did not explicitly name XRP, leading to questions about its status. Garlinghouse explained that while XRP was not specifically mentioned in the executive order, Trump had already acknowledged it. “There’s going to be a Bitcoin strategic reserve and then a crypto stockpile that would include things like XRP,” he said. Despite its omission, he expressed confidence that XRP would be part of the initiative. A Pro-Crypto Shift in the White House The Ripple CEO also pointed out the stark difference between the current administration’s stance on cryptocurrency and that of the Biden administration. He emphasized that industry leaders struggled to meet with key policymakers under Biden. However, the White House is now open to discussions, with Trump hosting a White House Crypto Summit . We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 “We want this industry to thrive in the United States,” Garlinghouse said, adding that regulatory clarity would prevent innovation from moving offshore. While acknowledging the uncertainty about the specifics, Garlinghouse indicated that the new administration’s approach marks a significant shift toward supporting the industry. XRP ETFs and Market Confidence Beyond the stockpile, Garlinghouse also discussed the growing momentum for an XRP exchange-traded fund (ETF). He noted that there are currently 11 applications pending with the SEC from firms including Bitwise and Franklin Templeton . “I think those will be live in the second half of this year,” he stated. He also pointed out that XRP exchange-traded products (ETPs) are already operational outside the U.S. Despite recent outflows from some crypto ETFs, he highlighted that XRP products are seeing increasing inflows, attributing this to the lifting of negative pressure from the SEC’s past actions against Ripple. How Will XRP Join the Stockpile Garlinghouse said the details on how much XRP would be included in the stockpile and where it would come from remain unclear. However, he suggested that the stockpile will comprise various cryptocurrencies seized by law enforcement agencies. Many community members also believe that Ripple’s $125 million penalty imposed by the court in 2024 could be the U.S. Government’s avenue to add XRP to the stockpile . 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 X , Facebook , Telegram , and Google News The post Ripple CEO Discusses XRP In U.S. Crypto Stockpile appeared first on Times Tabloid .
