Ripple CEO, Brad Garlinghouse, shared his views on the company and future prospects under the new administration of Donald Trump, amid a strong upward trend in XRP prices.
Ripple's $11 billion valuation has become “outdated”
When discussing Ripple's performance in the market, Garlinghouse stated that the company's previous valuation of $11 billion is no longer relevant. He noted that the value of XRP held by Ripple has surpassed $100 billion. At the time of writing, the price of XRP is trading at $2.44, up over 18% in the past 7 days.
XRP price chart 1 day | Source: TradingView
Garlinghouse also noted that trading on Ripple's private market is much cheaper than other companies in the crypto industry, such as MicroStrategy.
Ripple USD and its role in the XRP ecosystem
In an interview with Citizens JMP, Garlinghouse shared more about Ripple's new stablecoin, RLUSD, and its importance in the broader XRP ecosystem. He emphasized Ripple's extensive experience in collaborating with financial institutions and managing payment flows, which positions the company strongly to bring a stablecoin trusted by global users to market.
“Ripple has extensive experience with organizations and payment management, allowing us to create a truly reliable product. We are the first company to receive a trust license.”
He explained that RLUSD is designed to complement and enhance liquidity for the XRP Ledger, helping the XRP ecosystem operate more efficiently. As liquidity on the XRP Ledger increases, friction in transactions decreases, benefiting the entire system.
Predictions about Ripple's IPO
According to lawyer John Deaton, Ripple could go public in Q4 2025 or Q1 2026.
“I believe Ripple's IPO will take place by the end of 2025 or early 2026. The exact timing will depend on Paul Atkins' aggressiveness as SEC Chairman. I predict the appeal will be withdrawn, Ripple will pay a fine, and the lawsuit will be resolved.”
Deaton also mentioned Garlinghouse's previous comments about Ripple not going public sooner because “that was unreasonable under the previous SEC administration.” He also suggested that the lawsuit between Ripple and the SEC could conclude in the first quarter of 2025 if Paul Atkins quickly takes over as SEC Chairman.
Optimistic about crypto-friendly regulations
Garlinghouse continued to talk about Ripple's legal battles, particularly the lawsuit with the U.S. Securities and Exchange Commission (SEC). He pointed out that this lawsuit has temporarily slowed Ripple's development and forced the company to focus more on the international market.
“Currently, 95% of our customers are financial institutions outside the U.S.,” Garlinghouse shared.
Ripple's CEO also criticized the SEC for its “abusive” regulatory approach and argued that the agency's enforcement tactics are not constructive. He is optimistic that under the Trump administration, regulatory policies will become more crypto-friendly, and new laws will clarify how to handle digital assets, particularly in the context of securities law.
Garlinghouse predicts that these new laws may come into effect in the first half of 2025 and believes that oversight of cryptocurrencies may shift to the Commodity Futures Trading Commission (CFTC).
Additionally, the CEO of Ripple indicated that the company has seen a significant increase in business opportunities and deals in the U.S. since the election.
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