Ripple's top executives are quite optimistic about clarifying regulations. The comments made by Brad Garlinghouse in a media interview are particularly interesting.

He predicted an 80-90% chance that the Clarity Act will pass through the U.S. Congress. If legislation that clarifies federal market rules for digital assets actually passes, it would be a major turning point for the entire industry. Especially as the definitions of whether tokens are securities or commodities, and the jurisdiction of the SEC and CFTC become clearer, compliance for exchanges and issuers will become easier. This could also lead to increased participation from institutional investors.

However, as Garlinghouse admits, discussions are currently stalled over the yield issues of stablecoins. Banks see stablecoins offering yields as a threat to deposits and oppose their yield offerings. Meanwhile, the crypto industry advocates for stablecoins from an innovation perspective. Due to these differing opinions, a major exchange has reportedly withdrawn its support for the bill.

Ripple's own strategy is also quite interesting. According to Garlinghouse, they are executing large acquisitions in the custody sector and investing in prime brokerage. They are also launching dollar-backed stablecoins under regulation on both XRPL and Ethereum. In other words, they are focusing more on building infrastructure worth trillions of dollars than on increasing XRP's price.

This year, XRP has shown strong performance among major cryptocurrencies, and if regulation becomes clearer, the market environment could change even further. The overall industry outlook is also expected to become more transparent soon.