Ripple CEO: US Is Finally Unlocked

Cover image via U.Today Read U.TODAY on Google News Advertisement Ripple CEO Brad Garlinghouse has told Fox Business that the company is seeing a change in domestic interest. "The United States is finally unlocked, and I think that people are underestimating how big that change is," he said. This comes after the U.S. Securities and Exchange Commission recently dropped its appeal against Ripple. HOT Stories Ripple CEO: US Is Finally Unlocked Top Bitcoin Critic Reveals 'Only Scenario' Where Crypto Doesn't Crash 1 Million Bitcoin Prediction Made by Max Keiser Is Cardano Still at Risk of Death Cross? On-Chain Data Shares Insight New regulatory developments The SEC, which was known for its hostile anti-stance crypto stance under the leadership of former Chair Gary Gensler, has moved to swiftly embrace the industry. Advertisement As reported by U.Today , the new SEC leadership quickly moved to drop the SAB 121 rule which made it much more challenging for banking institutions to get involved in crypto custody. Related Fri, 03/21/2025 - 15:51 Why Did Ripple Create RLUSD Stablecoin? XRP Lawyer Reveals Real Reason Gamza Khanzadaev According to Garlinghouse, those banks that were really hesitant and really nervous about touching crypto are "leaning in" now. Catching up with the rest of the world The SEC has also established a task force for creating clear crypto regulations. Garlinghouse has stressed that the recent developments are "a big deal" for Ripple as well as the broader industry. "We will see the US finally start to catch up with the leadership we're seeing from other markets around the world," he said. Garlinghouse has also commented on the much-talked-about stablecoin bill, noting that it will be voted on within the next four to eight weeks. XRP's legal status The Ripple CEO has also recalled that XRP was recognized as a non-security by a federal judge, which is the opposite of what the SEC was trying to argue. He believes that the market structure bill, which will define the legal status of various cryptocurrencies, will pass within the next six months. Regulatory clarity will foster more innovation, more job creation, and more capital formation in the US, according to Garlinghouse. #Ripple News #Brad Garlinghouse