CoinDesk Podcast Network Brad Garlinghouse on Ripple's $40B Valuation & "Imminent" XRP ETF
Nov 6, 2025
Brad Garlinghouse, CEO of Ripple, dives into the significance of Ripple's recent $500 million investment from financial giants like Citadel and Fortress, marking a notable shift towards traditional finance. He discusses the newly favorable U.S. regulatory landscape, which is easing previous hurdles for the crypto industry. Garlinghouse also highlights Ripple's strategic growth through acquisitions and predicts a surge in institutional crypto allocations, alongside exciting developments like the anticipated XRP ETF that aims to bridge traditional finance with decentralized finance.
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Regulation Shift Brings Institutional Momentum
- Regulatory clarity and recent legislation have materially shifted institutions from the sidelines into active crypto participation.
- Brad Garlinghouse says clearer rules of the road enabled slow-money institutions to now lean in.
Major TradFi Backing Validates Strategy
- Ripple's $500M investment from Fortress and Citadel signals TradFi’s growing trust in crypto infrastructure players.
- Garlinghouse says the deal was as much about strategic alignment as about capital.
60 Minutes Moment Symbolizes Industry Turn
- Garlinghouse recalled interviewing Patrick Witt and being struck that the president appeared on 60 Minutes talking about crypto.
- He framed that moment as proof how far the industry has come since Ripple's SEC lawsuit chapter.