Ripple Rises: XRP Earns ETF Status, RLUSD Gains Trust, and Garlinghouse Speaks Out

News Observation
Written By SAwoniyi

Source:Sec.gov

On July 8, 2025, XRP joined the prestigious list of Truth Social Crypto Blue Chip ETFs. The portfolio breakdown includes: 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP. While XRP holds a smaller percentage, its inclusion signals growing recognition and confidence from institutional circles.

The next day, Ripple announced via X.com that BNY Global — a financial titan renowned for reliability — was selected as the primary custodian for RLUSD, Ripple’s enterprise-grade stablecoin. This move cements RLUSD’s commitment to regulatory compliance and long-term stability, aiming for real-world utility across global markets.

Source:Bny.com


Also on July 9, Ripple CEO Brad Garlinghouse testified before the U.S. Senate Banking Committee. Reflecting on Ripple’s historic legal battle, he stated, “Ripple was the first leading U.S. company to be sued by the SEC… Fortunately, after four years of a hard fought legal battle, we prevailed.”

Source:X.com

Together, these developments mark a strategic trifecta — ETF validation, institutional partnerships, and public policy engagement — reinforcing Ripple’s upward trajectory and its intent to shape the future of digital finance.







SAwoniyi

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Ripple Moves Toward Bank Status, Sets Stablecoin Standard