The recent executive order by former U.S. President Donald Trump regarding a strategic reserve for Bitcoin and other digital assets has sparked discussions within the cryptocurrency community.
Ripple CEO Brad Garlinghouse addressed the omission of XRP from the order despite Trump’s prior mention of the asset on social media.
In a new interview with Bloomberg, Garlinghouse stated that while XRP was referenced in Trump’s post on Truth Social, it was not explicitly included in the official order.
He explained that the executive order primarily focused on Bitcoin but suggested that a broader crypto stockpile is expected to encompass other digital assets. He expressed confidence that XRP would ultimately be part of this reserve.
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Ripple CEO Highlights XRP’s Growing Market Position
Garlinghouse emphasized that XRP continues to gain traction despite regulatory hurdles. He pointed to increasing inflows into XRP, attributing this trend to shifting market sentiment following prolonged legal battles with the U.S. Securities and Exchange Commission (SEC).
During the interview, the Ripple CEO analyzed the progressive trends of cryptocurrency exchange-traded funds (ETFs) in the United States. Garlinghouse observed that 11 crypto ETF applications submitted by Bitwise and Franklin Templeton, as leading organizations, remain in the approval process with the SEC.
The chief executive officer of Ripple suggested that these ETFs would begin operation during the final half of 2025.
Market Reactions to XRP’s Exclusion
The absence of XRP from the executive order has drawn mixed reactions from investors and analysts. Some speculate that regulatory uncertainty surrounding Ripple’s ongoing legal case with the SEC may have influenced the decision.
In contrast, others believe XRP could still be included in future policy developments. Garlinghouse noticed investors returning to XRP even though crypto ETFs had experienced recent outflows.
The concern stemming from regulatory uncertainties has caused market fatigue to fade, leading investors to regain their trust in the asset. XRP’s market position appears to benefit from a regulatory environment that is becoming progressively clearer, according to Garlinghouse’s point of view.
The exclusion of XRP from Trump’s executive order has not deterred optimism within the XRP community. Investors and analysts continue to monitor regulatory developments and potential policy shifts that could influence the cryptocurrency market.
With the possibility of crypto ETFs gaining traction, XRP’s role in the broader digital asset landscape remains a topic of interest.
Also Read: Here is the XRP Price Prediction For April 1 Following End of Ripple Lawsuit
