The post Ripple Leads the Charge in US Crypto Regulation Reform appeared first on Coinpedia Fintech News
Under Trump’s leadership, Ripple’s CEO, Brad Garlinghouse, is excited about the recent changes happening in the U.S. crypto market, calling them a “big deal.” His excitement follows David Sacks, the U.S. Crypto Czar, pushing for clearer rules and regulations for cryptocurrencies like Bitcoin and XRP. This is a bigger step in how the US will handle crypto assets in the long run.
Key Lawmakers Backing Crypto Clarity
In response to the growing negative comments over David Sacks’s press conference. Garlinghouse is particularly pleased that some of the most important lawmakers in the U.S., including those from the Senate and the House of Representatives, are now backing legislation to bring clearer rules for crypto. He believes this united effort is a big step forward, as it shows Washington is finally taking crypto seriously and working on rules that will provide more certainty for businesses and investors.
With Garlinghouse supporting the push for clearer rules, there’s growing speculation that Ripple, the company behind the XRP token, could play a significant role in the future of U.S. crypto regulations. Though there are rumors that XRP might be considered for a national reserve list, nothing has been confirmed. Still, Garlinghouse’s support of the ongoing regulatory discussions keeps investors hopeful about Ripple’s potential in the U.S. market. Donald Trump’s meeting before his inauguration with Ripple and this sudden rumor of XRP inclusion in the reserve list seems a planned move if true.
Is Bitcoin Reserve Reality or Hype?
David Sacks recently spoke about the possibility of creating a Bitcoin Strategic Reserve, following instructions from President Trump. While this initially seemed like a good step, some people were concerned when Sacks mentioned “digital assets” more than Bitcoin itself. This sparked fears that the focus might shift away from Bitcoin, which has some investors feeling uncertain about what this could mean for the market.
Stablecoins Could Boost the US Dollar
Sacks also talked about the importance of stablecoins, which are digital currencies tied to real-world assets like the U.S. dollar. He believes stablecoins could strengthen the dollar globally and encourage more people to use a digital dollar. This could also create more demand for U.S. government bonds, which might lower long-term interest rates.
Positive Outlook for XRP
Despite some uncertainties, Garlinghouse remains confident in the future of crypto in the U.S. He believes the push for clearer regulations is a crucial step in the right direction. As for XRP, crypto experts EGRAG Crypto predict it could see price increases soon, possibly reaching $4–$5 soon. While $20 might be a stretch, the outlook for XRP remains optimistic.