Ripple CEO Optimistic About US Growth After SEC Lawsuit Resolution

Ripple CEO Brad Garlinghouse has expressed optimism about the company's prospects in the US market following the resolution of its legal battle with the Securities and Exchange Commission (SEC).

Garlinghouse revealed that 95% of Ripple's customers are based outside the US, a situation largely attributed to the significant legal challenges the company has faced in the region, particularly the SEC lawsuit that began in December 2020. The SEC has now officially withdrawn its lawsuit against Ripple, returning a $75 million penalty previously imposed and allowing Ripple to sell its XRP token to institutional investors.

Garlinghouse celebrated the resolution, stating that it marks a significant victory for Ripple and the broader cryptocurrency industry. He emphasized Ripple's ongoing commitment to the US market, aiming to bridge traditional finance and blockchain technology. With the legal battle settled, Ripple is poised for strong growth in the United States.

The resolution of the SEC lawsuit relieves Ripple of legal pressure and unlocks opportunities to focus on the US market. With most of its current customers based outside the US, Ripple has the potential to increase its American clientele, diversify its customer base, and reduce reliance on international markets.

Garlinghouse also expressed high hopes for cryptocurrency-related executive orders under President Donald Trump. Since starting his second term in January 2025, Trump has pushed policies supporting cryptocurrencies, including establishing a Crypto Advisory Council. Garlinghouse is reportedly in talks about joining this council.

Additionally, the Office of the Comptroller of the Currency (OCC) has permitted national banks and federal savings associations to offer cryptocurrency and stablecoin custody services without prior approval. This marks a significant step forward, especially after restrictive policies faced criticism.

Garlinghouse noted that US financial institutions are becoming more open to cryptocurrency technology. With the OCC’s new guidance, banks can partner with Ripple to leverage XRP for cross-border transactions or digital asset custody, presenting substantial opportunities for the company.

Despite the positive developments, Ripple still faces challenges. The company must compete with dominant stablecoins, which currently lead the payments market. Furthermore, while the SEC has stepped back, the regulatory framework in the US still remains uncertain.

With legal barriers past and regulations changing, Ripple is well-positioned to capitalize on emerging opportunities and strengthen its foothold in the US market.