Ripple CEO Brad Garlinghouse joined President Donald Trump, SEC Chair Paul Atkins, CFTC Chair Michael Selig, Coinbase CEO Brian Armstrong and other crypto industry leaders at the White House, where the focus was on clearer crypto rules, U.S. innovation and the next steps for the CLARITY Act. The meeting came as XRP was recovering from the $1 area, with the fresh regulatory movement helping improve sentiment around the token.
Brad Garlinghouse: “Crypto Isn’t a Fringe Industry”
Garlinghouse mentioned the growing size of the U.S. crypto market, saying 67 million Americans now hold crypto, or nearly one in four people. He said crypto has moved well beyond being a niche industry and that Washington can no longer ignore its growing user base.
He also praised Trump’s focus on digital-asset innovation, saying the administration’s commitment could create a brighter future for the industry.
For XRP, the broader thing is that Ripple has been pushing for clearer U.S. rules for years. Greater regulatory certainty could make it easier for crypto companies and financial institutions to build and operate in the country.
Trump Puts the CLARITY Act in Focus
Trump called on Congress to pass a fair version of the legislation, arguing that it could open the door to the next wave of innovation.
Coinbase CEO Brian Armstrong called the September 15 CLARITY Act vote the most important next step. He said the administration, SEC and CFTC are aligned and that the crypto industry is ready to move the legislation forward.
The bill is still not law, so its progress through the Senate remains an important factor for the market.
SEC Chair Paul Atkins said the regulator is working toward making the U.S. a stronger home for crypto innovation. He pointed to the SEC’s proposed crypto-assets rules, which he said could provide companies with more certainty when raising capital through digital assets.
Atkins also backed the goal of sending the CLARITY Act to Trump for approval, connecting crypto regulation with the broader effort to boost U.S. financial markets and bring more investors into the system.
XRP Price Jumps
XRP climbed nearly 10% to around $1.09, breaking above the $1.08 level after spending several days near $1. The next level to watch is around $1.14, with a sustained move above it potentially opening the way toward $1.20. If the rally loses momentum, $1.08 could become an important support level.
The price move was also supported by renewed XRP ETF demand. Spot XRP ETFs recorded $5.81 million in inflows on August 18, their strongest single-day inflow since July 31, after seeing no activity on Monday. The five ETFs now collectively hold about 1.5% of XRP’s current supply.
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