Ripple 
$0.556934 CEO Brad Garlinghouse made statements about the latest developments in the crypto space. In these statements, the launch of RLUSD, XRP ETF applications and whether the US SEC will block these applications were discussed. Crypto regulations in the US and the possible effects of the upcoming elections on these regulations were also evaluated.
RLUSD Stablecoin
“The RLUSD stablecoin is part of the goals we are trying to achieve with our payment services,” Garlinghouse said. Ripple stated that stabelecoins such as USDT and USDC hold an important place in its business model.
Ripple aims to add liquidity to the ecosystem by entering the stablecoin market. “The launch of RLUSD will bring more liquidity to the XRP Ledger and will be beneficial for everyone in the XRP ecosystem,” Garlinghouse said.
XRP ETF
Garlinghouse stated that he found the timing of the XRP ETF applications surprising, but was not surprised by the results.
“Other crypto ETFs, Spot Bitcoin
$67,355 I said it was inevitable after ETFs. Bitwise and Canary Island’s applications are positive for the XRP ecosystem.”
Stating that the SEC is trying to block these ETF applications, Garlinghouse said, “The Commission is working to prevent these funds from being implemented.”
“I think such steps by the SEC are aimed at preventing Ripple from growing” -Garlinghouse
Ripple’s Plans to Go Public
Brad Garlinghouse stated that Ripple going public is not a priority. “Going public is not our priority right now because we have issues with the SEC,” the company’s CEO said. He emphasized that the company is in a strong financial position and therefore they are not in a hurry.
Stating that going public may take more than 12 months, Garlinghouse actually points to 2026 by saying, “We are currently waiting for the term of SEC chairman Gary Gensler to end.”
Ripple is currently focused on getting the right valuation. When the decision to go public is made, they want it to happen in a legitimate environment.
It was also reported that Ripple’s exchange partners such as Uphold, Bitso, and Bitstamp were selected for the RLUSD launch. Although the launch date has not been determined yet, it is expected to happen soon.
Conclusion
Statements by Ripple CEO Brad Garlinghouse clarify the company’s role in the crypto ecosystem and its future plans. While the launch of RLUSD and XRP ETF applications serve Ripple’s strategic goals, processes with the SEC are also carefully monitored. Ripple’s plans to go public have been left to the future, considering the current regulatory environment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
