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Ripple CEO Brad Garlinghouse shared his views on the company and the future under the new Donald Trump administration.
Garlinghouse’s comments come as XRP is gaining momentum.
Ripple’s $11 billion valuation is “outdated”
Speaking about Ripple’s market performance, Garlinghouse said the company’s previous valuation of $11 billion is now “outdated.” He believes that the value of XRP held by Ripple has exceeded $100 billion. At press time, the XRP token is trading at $2.44, up more than 20% on the 7-day chart, according to CoinGecko.
He also noted that Ripple’s private market transactions have been a lot cheaper than other crypto-related companies, such as MicroStrategy.
In an interview with Citizens JMPBrad Garlinghouse also discusses Ripple’s new stablecoin, Ripple USD, and its role in the broader XRP ecosystem.
He emphasized Ripple’s vast experience in working with institutions and managing payment flows. This puts the company well positioned to launch a stablecoin that is trusted by users globally.
“Ripple has a lot of experience with institutions, a lot of experience with payment flows to bring products to market that are really the most trusted. We were the first to launch trusted licenses,” said the CEO.
Garlinghouse explained that Ripple USD is designed to complement the XRP Ledger through enhanced liquidity. He noted that the more liquidity there is on the XRP Ledger, the better for the entire XRP ecosystem. Extra liquidity helps reduce friction in transactions.
Elsewhere, crypto lawyer John Deaton said that he believes Ripple will go public either in the fourth quarter of 2025 or the first quarter of 2026.
“I have said that I believe we will see a Ripple IPO either in the last quarter of 2025 or the first quarter of 2026. The timing depends on how aggressive Paul Atkins is as SEC Chairman. I predict the appeal will be withdrawn, Ripple pays the fine, and the case is over,” Deaton said in a tweet.
Deaton was referring to a comment Garlinghouse once made that Ripple had not previously gone public because it “didn’t make sense under the previous SEC administration.” The lawyer also added that the Ripple Vs. The SEC could be over in the first quarter if Paul Atkins quickly takes over as SEC president.
Ripple CEO is optimistic about new crypto-friendly regulations
Garlinghouse also talked about the company’s legal struggles, especially its ongoing lawsuit with the US SEC. He pointed out that the lawsuit has temporarily hindered Ripple’s growth and forced the company to focus more on international markets.
“Today 95% of our customers are financial institutions outside the United States,” the CEO said.
Garlinghouse also criticized the SEC for its “abusive” approach to regulation. He said the agency’s enforcement-based tactics were not “constructive.” The CEO thinks the regulatory tone will become more favorable to cryptocurrencies under Trump.
Garlinghouse said that the new laws will likely clarify the approach to digital assets, particularly under securities laws.
Ripple’s CEO is optimistic that the new law will take effect in the first half of 2025. He also predicts that responsibility for regulating cryptocurrencies may shift to the Commodity Futures Trading Commission (CFTC).
Furthermore, the CEO recently pointed out that following the election, Ripple has seen significant growth in business opportunities and deals in the United States.
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