Very Special Statements from Ripple (XRP) CEO Brad Garlinghouse: He Talked About the Future of XRP, Expansion to Japan, and the US Market!

Ripple CEO Brad Garlinghouse expressed his optimism regarding the future of the crypto sector in the U.S. following the Securities and Exchange Commission's investigation into the company being halted.

This decision is believed to be a turning point that will help unlock opportunities in the historically challenging U.S. market for crypto firms due to regulatory hurdles.

In an interview, Garlinghouse stated that the SEC's decision to end its legal scrutiny of Ripple is significant. He noted that Ripple is one of the first crypto companies to face the SEC's lawsuit and that the company has incurred over $150 million in legal expenses to fight the case. Despite the long struggle, he expressed relief at the outcome, stating that it allows Ripple and the broader crypto industry to move forward with more clarity and confidence.

Garlinghouse said, "It took longer than we wanted to prove that the SEC is on the wrong side of the law and history, but we are excited about the outcome" and added: "This way, we can really unlock the U.S. market, which has shown a very hostile attitude towards the crypto industry."

As Ripple faces regulatory challenges in the US, the company has focused its efforts on overseas countries, with approximately 95% of its clients currently consisting of financial institutions outside the US. The company has partnerships with major banks and payment providers, including HSBC and BBVA. Garlinghouse also pointed to Japan as a promising market where the adoption of Ripple technology has increased.

"The lock on markets like Japan is still being opened," he said, adding: "The global cross-border payments market is very large and there is a significant opportunity to modernize this market beyond the outdated SWIFT network."

Garlinghouse stated that regulatory changes in the U.S. have already started to increase local interest in Ripple. He announced that since President Donald Trump's election, Ripple has signed more deals in the U.S. in six weeks than in the previous six months.

"These are very innovative technologies on how they will restructure America's financial infrastructure over the next 10 to 20 years," he explained, adding: "From payments to real estate and securities transactions, crypto is preparing to reshape these sectors."

Despite the positive momentum, Garlinghouse also expressed that regulatory clarity must continue. Lawmakers, including Senator Cynthia Lummis and Representative French Hill, are working to define clear distinctions between cryptocurrencies classified as commodities and those classified as securities.

Garlinghouse said, "Providing clear guidelines will enable financial institutions to engage with crypto with greater confidence" and added, "The US has fallen behind global leaders in this area, but the tide is turning and we need to invest in our domestic industry."