Former Ripple employee Austin King has provided detailed insights into Ripple’s regulatory strategy and potential implications for XRP.
Highlighting Ripple’s support for President Donald Trump’s administration, King suggests that Ripple’s actions are part of a broader effort to secure regulatory clarity and position XRP as a key player in global finance.
Trump's inauguration raised over $200,000,000 breaking all prior records.
Ripple donated 500% more than crypto industry peers like Coinbase and Kraken.
As a former Ripple employee, here is my take on their strategy and how it will affect $XRP : pic.twitter.com/Oh3EPFRpoQ
— Austin King (@0xASK) January 21, 2025
Ripple’s Support for Trump
King noted Ripple’s significant financial contributions to Trump’s record-breaking inauguration, surpassing industry peers like Coinbase and Kraken. This financial backing highlights Ripple’s strategic alignment with the Trump administration, with King emphasizing that Ripple’s primary goal is regulatory clarity, not favoritism.
King shared a clip of an interview where Ripple CEO Brad Garlinghouse echoed this sentiment. Garlinghouse listed regulatory clarity as one of three things the crypto market needs to thrive.
Ripple has repeatedly called for updated regulatory frameworks to replace outdated laws like the existing securities laws from the 1940s which former SEC Chair Gary Gensler tried to enforce on cryptocurrencies.
As Garlinghouse noted in another interview, “One of the biggest problems the crypto industry has had isn’t the idea there’s too much regulation. It’s just the regulation is not even clear.”
Ripple’s Vision for XRP
King highlighted the ambitious vision of Ripple’s founders, particularly Chris Larsen , who has a history of pioneering large-scale financial innovations. Larsen’s earlier ventures, such as E-Loan and Prosper, illustrate his long-standing focus on transforming financial systems.
According to King, Ripple’s current payment focus is just the beginning. The ultimate objective is for Ripple to become a global settlement network capable of facilitating trillions of dollars in transactions.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
King suggests that this vision is increasingly attainable under a regulatory framework supported by the Trump administration. This framework could position XRP as a core asset for banks and fintech, enabling them to manage assets and conduct transactions on the XRP Ledger. Additionally, King anticipates that competing blockchain networks, such as Ethereum and Solana, may need to adapt as XRP’s utility grows.
Potential Growth for XRP
King outlined several potential benefits for XRP if Ripple’s regulatory goals are achieved. First, he anticipates increased adoption of XRP by financial institutions to enhance asset management and transaction efficiency.
Second, the XRP Ledger’s revenue model could expand significantly, shifting from a payments-centric focus to broader financial applications. King projects this could result in a 400x increase in revenue.
Furthermore, King believes Ripple’s proactive regulatory efforts could cement the United States as a leader in the crypto industry. Garlinghouse previously noted that getting regulatory clarity will help the U.S. lead the crypto market, and this aligns with Trump’s goal to make the U.S. the crypto capital of the world.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter , Facebook , Telegram , and Google News
