Foreign media commentators noted that Ripple CEO Brad Garlinghouse recently stated publicly that the long-standing hardline approach to crypto regulation in the United States is receding. His basis for this includes court rulings, changing voter attitudes, and Trump's recent statements supporting digital assets.

Court ruling changes the direction of discussion

The article notes that Ripple's lawsuit against the U.S. Securities and Exchange Commission (SEC) remains one of the most high-profile cases in the industry. A key ruling last year determined that XRP did not constitute a securities transaction in certain secondary market sales. While this outcome did not close the case, it has influenced public perception of the legal status of crypto assets.

This commentary argues that the recent tightening of court boundaries in regulatory enforcement is weakening the practice of "enforcement instead of rules." Furthermore, a clearer division is emerging in US policy discussions regarding the classification of digital assets.

Trump's remarks drive policy expectations

Garlinghouse published an article on the X platform stating that the forces opposing crypto innovation have been defeated by "the courts, voters, and Trump." The article points out that while this statement carries a clear stance, it also reflects the growing political focus on crypto issues in the United States.

Trump previously stated his desire to establish a digital asset framework that can transcend political cycles to mitigate the risk of fluctuating regulatory direction. He also reiterated his criticism of former SEC Chairman Gary Gensler's enforcement-oriented regulatory approach, arguing that it stifled domestic innovation and drove some crypto businesses overseas.

Ripple attempts to occupy a new narrative position.

The article argues that the current changes do not mean the debate over US cryptocurrency regulation is over, but the market's understanding of the attributes of some tokens is shifting. The discussion surrounding XRP is gradually moving from "whether it is a security" to "whether it is closer to a digital good with network applications."

Against this backdrop, Ripple is attempting to position itself as a more adaptable player to the new regulatory environment and link XRP with applications such as tokenization. The article's core argument is that US crypto policy is shifting from purely law enforcement-driven to a new phase shaped by a combination of judicial, political, and industrial forces.