Brad Garlinghouse, Ripple CEO, expressed his optimism about the future of cryptocurrency and XRP’s ability to overcome legal and regulatory hurdles in the United States. In an interview with Trina Robinson, Garlinghouse emphasized the growing adoption of digital assets globally and hesitantly predicted that the total cryptocurrency market cap could reach $5 trillion.
🚨 CEO of @Ripple – Brad Garlinghouse says he is confident that Ripple is about to unlock the U.S. market! 👀 #XRP pic.twitter.com/fp3TkhvBHm
— JackTheRippler ©️ (@RippleXrpie) November 17, 2024
Ripple Expands Globally
“We’re rewiring financial infrastructure in a way that’s good for the society,” Garlinghouse stated, highlighting XRP’s mission to facilitate seamless cross-border payments using its XRP ledger. Despite facing regulatory challenges in the US, XRP continues to expand internationally, with 95% of its customers based outside the country.
The SEC Lawsuit Saga
Garlinghouse acknowledged that XRP’s ongoing battle with the SEC, which alleges XRP is a security, has created obstacles for its growth. However, he stressed that XRP is prepared to fight this case to the Supreme Court if necessary. A recent ruling from federal court confirmed that XRP is not a security, a decision that SEC has since appealed.
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“Regulatory clarity in the US is inevitable,” Garlinghouse said, adding that clearer rules will eventually unlock significant opportunities in the domestic market. He also noted that XRP’s price has been adversely impacted by regulatory uncertainty, yet he remains optimistic about the asset’s long-term potential.
While achieving a $5 trillion crypto market cap by year-end may be ambitious, Garlinghouse indicated that the macro trends for the industry are strong. “It’s less about the exact timing and more about where the world is going” he explained.
XRP’s vision of creating an “internet of value” continues to drive its global expansion, especially in regions like South America, where its technology addresses real financial challenges.
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Also Read: XRP vs. Ethereum: Ripple CLO Spotlights SEC’s Hypocrisy in Crypto Classification
