While the cryptocurrency market often buzzes with speculation and hype, Ripple CEO Brad Garlinghouse has consistently emphasized that the real value of XRP lies in its utility, particularly in the global financial system.
An old interview of his, resurfacing on social media platform X, has once again caught the attention of XRP investors.
With the crypto community now eagerly anticipating the U.S. SEC’s upcoming decisions on Spot XRP ETF applications, these comments are as relevant as ever.
Utility Over Hype: A 2017 Message That Still Resonates
In a video shared by popular XRP commentator JackTheRippler on X, Garlinghouse’s words from a 2017 CNBC Squawk Alley interview were highlighted.
At the time, cryptocurrencies were largely seen as speculative assets, but Garlinghouse underscored that XRP was designed for real-world financial solutions, not just trading.
He explained that trillions of dollars sit idle in correspondent banking accounts worldwide, waiting to facilitate payments between banks—over $27 trillion at that time.
XRP’s potential, he noted, was to settle liquidity between banks in seconds, freeing up that capital and making cross-border payments far more efficient.
“We use this digital asset called XRP to settle liquidity needs between banks,” Garlinghouse said, pointing to its ability to handle transactions almost instantly.
Even years later, these insights continue to shape investor perception of XRP, highlighting why many believe it can stand out among other cryptocurrencies.
XRP’s Current Market Position
At the time of writing, XRP was trading around $2.78–$2.79.
Its adoption potential in the broader financial system remains the main reason many investors view it as more than just another digital token.
XRP’s focus on solving real problems rather than riding speculative waves sets it apart in a crowded crypto market.
Counting Down to the SEC’s Spot XRP ETF Decision
The spotlight is now shifting toward regulatory developments.
Investors are closely watching the U.S. SEC’s decisions on pending Spot XRP ETF applications.
Following approvals for Bitcoin and Ethereum ETFs, XRP is seen by many as the next logical candidate.
The SEC has introduced new standards designed to speed up approvals, reducing the review window to 75 days or less.
Key decision dates include Grayscale on October 18, 21Shares on October 19, Bitwise on October 20, CoinShares and Canary Capital on October 23, and WisdomTree on October 24.
Should a Spot XRP ETF be approved, it could mark a major milestone, positioning XRP alongside Bitcoin and Ethereum in traditional financial markets.
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