With the recent trend around XRP, Brad Garlinghouse, Ripple CEO is convinced the coin will soon be added to the national crypto stockpile of the US Government
It has been two weeks since Donald Trump established the Digital Asset Stockpile, and suddenly, Ripple CEO Brad Garlinghouse thinks XRP will make it to the list. His optimism is likely triggered by the decision of the United States Securities and Exchange Commission (SEC) in its lawsuit with the blockchain payment firm.
Ecosystem Optimism Soars About Future Outlook
On March 19, the US SEC officially dropped its almost five-year-long class actions against Ripple Labs.
Apart from the massive XRP price surge that followed the news, Garlinghouse noted how the decision could propel the digital asset, especially towards making the cut for the digital asset stockpile. Trump created the stockpile when he signed the executive order, creating a Bitcoin strategic reserve.
It is worth noting that the POTUS had earlier namechecked XRP, but no official statement was made about having it in the stockpile.
The broader XRP community is skeptical and suspects a possible exclusion of the token, but the Ripple CEO does not share their pessimism. He has hinged his enthusiasm and optimism on Trump’s mention of XRP on Truth Social and his attendance at the White House Crypto Summit.
Garlinghouse stated that confiscated assets will make up a bulk of the stockpile. Meanwhile, Trump also listed Cardano (ADA) as one of the cryptocurrencies to be included in the US Digital Asset Stockpile.
The new government administration has clearly said that altcoins will be part of the stockpile, so XRP may eventually get a chance alongside ADA.
Ripple CEO Expects Spot XRP ETF Approval In H2
In addition to his prediction for the Digital Assets Stockpile, Ripple’s CEO is looking forward to the SEC’s potential approval of spot XRP Exchange-Traded Funds (ETFs).
The securities regulator has several applications for this same offering on its desk. Bitwise filed the first application to list spot XRP ETFs in October 2024.
Not too long after, Canary Capital followed with its S-1 registration filing sent to the SEC. Since then, the agency has received a series of filings, including one from 21Shares. No approval or rejection has been mentioned by the SEC, so all fingers are still crossed, but the optimism level is quite high.
“I have immense confidence in the ETFs,” said Garlinghouse. “I think those will be live in the second half of the year.”
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