Important XRP Statement from Ripple CEO Brad Garlinghouse! How Much XRP Do They Have?

Ripple in recent years SEC Even though it has encountered many legal struggles with , it continues to make a name for itself as one of the most promising cryptocurrency companies.

As Ripple continues its success, Donald TrumpThe rally after ‘s victory in November was also driven by Ripple’s token XRP It also experienced a huge explosion.

While this explosion in XRP increased the value of Ripple’s XRPs, Ripple CEO Brad Garlinghouse said Ripple’s XRP assets are over $100 billion.

Speaking in a recent interview, Ripple CEO noted the increase in Ripple’s valuation, revealing that the company holds more than $100 billion of XRP.

“The total value of XRP we currently own exceeds $100 billion.”

Stating that the $11 billion valuation in early 2024 is too old, Garlinghouse said that due to past regulatory difficulties, an initial public offering has not been considered and there are no IPO plans yet.

Garlinghouse focuses on Ripple’s custody solutions and Ripple USD’ye (RLUSD) He said that the demand for money is increasing and therefore Ripple is focusing more on solutions such as custody and cross-border payments. The famous CEO attributed this increase to regulatory changes and SEC Chairman Gary GenslerHe attributed it to the departure of .

At this point, Garlinghouse said recent months have been a ‘turning point’ due to the resignation of SEC Chairman Gary Gensler and the possibility of greater regulatory clarity with the new administration, adding that “now the winds have changed.”

Ripple CEO recently stated that 95% of Ripple customers are outside the USA, but he expects interest in the USA to return in the next few months.

*This is not investment advice.