Ripple (XRP) CEO Brad Garlinghouse says that the U.S. cryptocurrency milieu received’t return to the earlier administration’s hostile local weather, a press release that follows XRP’s lengthy historical past of regulatory challenges, together with the notorious lawsuit filed in opposition to it by the SEC in 2020.

Talking at DC Fintech Week in Washington, D.C., on October 15, 2025, he delivered optimistic remarks on the present Trump administration and the SEC led by Paul Atkins, criticized the tyranny of the earlier SEC, chaired by Gary Gensler, and denounced conventional finance.

“Frankly, I feel the ship has sailed. You possibly can’t put the genie again within the bottle in the US”

Garlinghouse commented. His remarks have reignited the optimism among the many XRP buyers and in the entire cryptocurrency market as nicely.

Brad Garlinghouse Thinks U.S. Regulatory House Received’t Return to the Hostile Circumstances for XRP

When Brad Garlinghouse and his group started engaged on their cross-border funds imaginative and prescient by XRP, it was met with immense criticism, particularly from the regulatory aspect. This in the end led to the submitting of a lawsuit in opposition to the platform in 2020. Then U.S. SEC, chaired by Gary Gensler on the time of the Joe Biden administration, charged Ripple Labs by alleging that they carried out an unregistered securities providing by elevating over $1.3 billion by the sale of XRP tokens.

The case has turn into one of many longest-running and notorious circumstances within the U.S. crypto house, witnessing varied hearings, appeals, suspensions, market fluctuations, and partial judgments, all through 1,688 days from December 22, 2020, to August 7, 2025, till it concluded with a joint dismissal earlier than the U.S. Courtroom of Appeals for the Second Circuit. For an in depth overview of the case’s conclusion and its affect on XRP, see SEC’s Case Towards Ripple Lastly Over & XRP Witnesses Breakout

The case, which was concluded when each events filed a Joint Dismissal of the appeals earlier than the U.S. Courtroom of Appeals for the Second Circuit, was instrumental in defining the regulatory readability within the U.S. digital asset trade. Whereas the SEC thought of XRP and different cryptocurrencies as securities, the 2023 verdict by Choose Analisa Torres clarified that XRP is just not a safety when offered in programmatic (exchange-based) gross sales to retail buyers. With the diminishing hostile circumstances, XRP is now traded as a non-security asset in crypto exchanges, identical to another digital asset.

“Ripple Ought to Maintain the Identical Regulatory Requirements as a Financial institution,” Brad Garlinghouse

Brad Garlinghouse emphasizes the necessity for enhanced participation of blockchain expertise within the U.S. finance and calls for equal therapy of crypto finance and conventional finance companies. He accused Wall Avenue banking lobbyists of resisting the motion of Ripple Labs, and urged the approval of Federal Reserve grasp accounts for XRP, which is able to enable it to combine seamlessly with the U.S. monetary system by immediately gaining access to the central financial institution. The corporate has utilized for a grasp account by way of its Customary Custody & Belief Co. affiliate, a New York-based belief. 

Garlinghouse additionally revealed that Ripple’s stablecoin initiative, RLUSD, is getting partnership requests from banks.

“I had conferences yesterday in New York Metropolis, the place banks that will not have talked to us three years in the past are actually leaning in and saying, How might we associate round this?”

he mentioned.

Fed Grasp Account Approval Will Skyrocket XRP Value

Brad Garlinghouse acknowledged that if cryptocurrencies needed extra stability and clear regulation, having a Fed grasp account is definitely a web plus, and that it must be held to the identical regulatory requirements as a financial institution. Since Ripple has utilized for a Fed grasp account, an approval will ignite one other bull run for XRP.

XRP is now buying and selling at $2.39, almost 5% down from yesterday, a downtrend ignited by the profit-taking momentum and macroeconomic circumstances. It’s 38% down from its all-time excessive, however optimistic momentum has been rising round XRP on account of its upcoming ETF approvals, institutional participation, and the sturdy foundational values.