Ripple CEO hints at possible reduction in XRP sales
Brad Garlinghouse has indicated that Ripple may scale back its XRP sales, responding to long-standing criticism about the company’s role in the market.
Elena Whitmore 
Ripple CEO discusses future of XRP sales
In a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse signaled that the company might ease its XRP sales strategy. The remark comes amid ongoing scrutiny over the company’s large holdings and periodic sales of the cryptocurrency. “You know, at some point, maybe we won't be selling as much,” he told Sonali Basak, hinting at a potential shift in how the company manages its XRP assets.
As it stands, Ripple retains approximately 42% of the total XRP supply, according to Garlinghouse. He noted that the token has a “slightly deflationary” nature, citing a reduction in the total XRP supply to 99.9 billion units. The CEO addressed critics who have accused the company of both hoarding too much of the cryptocurrency and offloading it to the market, saying, “But right now, frankly, we get criticized for owning too much, and then we're criticized for selling some.”
Legal clarity following SEC appeal withdrawal
The interview also touched on the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The agency recently withdrew its appeal in the case, a move that has brought a measure of legal clarity for the firm. The appeal was originally filed in October under former SEC Chair Gary Gensler.
While the withdrawal offers relief, Ripple has not yet dropped its own cross-appeal. According to Garlinghouse, the company now feels more secure in its position. “It feels a lot better to be on the offense than on the defense,” he said, indicating a shift in the company’s posture amid the regulatory battle. The executive suggested that Ripple is now in a more proactive phase, describing the company as being “in the driver's seat.”
RLUSD stablecoin targeting top market position
Beyond XRP, Ripple is turning its attention to the stablecoin sector through its newly launched Ripple USD (RLUSD). The goal, according to Garlinghouse, is for the regulated stablecoin to rank among the top five in the market by the end of the year. This comes after RLUSD was added to LMAX Digital, a platform catering to institutional investors.
The company sees strong growth potential in the stablecoin space, particularly as demand increases for compliant and transparent digital assets. Garlinghouse's comments reflect Ripple's intent to diversify its offerings and reinforce its presence across different segments of the crypto industry.
With XRP strategy potentially shifting and RLUSD gaining traction, Ripple appears to be recalibrating its approach amid regulatory headwinds and market evolution.
