Garlinghouse: Trump post opens U.S. policy window for XRP

Ripple CEO Brad Garlinghouse posted that President Trump’s May 27 Truth Social message creates a U.S. policy opening for XRP and clearer federal crypto rules.

On May 28, Ripple CEO Brad Garlinghouse posted on X that President Donald Trump’s May 27 message on Truth Social creates a U.S. policy opening for XRP and could prompt clearer federal crypto rules.

Trump’s Truth Social post criticized former SEC Chair Gary Gensler, accused regulators of driving bitcoin, crypto perpetuals and innovation offshore, and referenced a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.

Garlinghouse linked Trump’s pledge for a “future-proof” digital asset market structure to renewed attention on XRP and framed court and voter outcomes as pushback against what he called the “Anti-Crypto Army.” He wrote: “The ‘Anti-Crypto Army’ was defeated… by the courts… by the voters. And by Trump. It never made policy, legal or political sense.”

The legal record is central to the discussion. In 2023 a federal judge found that Ripple’s programmatic sales of XRP on exchanges were not securities transactions, while certain institutional sales violated securities law. The SEC later sought to resolve parts of the case, leaving the judge’s findings influential in policy talks.

Congress is considering legislation to define oversight for tokens and set market rules. The Digital Asset Market Clarity Act of 2025 would define when tokens fall under the SEC’s authority versus the Commodity Futures Trading Commission and would set rules affecting exchange listings, custody standards and review processes for spot and futures ETFs.

For XRP holders and market participants, questions include whether exchanges will keep or expand listings, how institutional custody will be permitted, and whether XRP can be included in ETF products or used in payment networks. Garlinghouse has tied Ripple’s courtroom outcome to the push for clearer statute-based rules.

Decisions by Congress, the SEC and the CFTC on oversight, exchange access and the treatment of tokens beyond bitcoin will affect market entry for companies that build on blockchain payment rails and the regulatory status of digital assets.

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