XRP Earns Rare Praise From Former CFTC Chair: Details

Former CFTC Chair Chris Giancarlo has publicly praised $XRP, describing it as a rare example of resilience amid intense regulatory hostility.

$XRP’s resilience amid intense regulatory scrutiny was highlighted yesterday, after former CFTC Chair Chris Giancarlo detailed how the token persevered, while also showing respect for its survival.

Key Points

• Former CFTC Chair Chris Giancarlo publicly praised $XRP for its resilience amid intense regulatory scrutiny.
• He specifically referenced the Gensler-Warren era as a period of heightened hostility toward $XRP.
• Giancarlo expects banks to accelerate blockchain adoption once regulatory clarity improves.
• He emphasized that finance’s future will be multi-chain, not dominated by Ethereum, $XRP, or any single chain.

“$XRP Persevered Despite Being the Poster Child of an Aggressive Regulatory Approach”

In a recent interview, Giancarlo acknowledged $XRP’s ability to remain operational and relevant despite heavy U.S. regulatory scrutiny. He noted that the token became the “poster child” of the aggressive regulatory approach championed by figures like former SEC Chair Gary Gensler and Senator Elizabeth Warren.

Despite the pressure, $XRP endured, prompting Giancarlo to urge observers to “tip their hats to the token” in respect.

Notably, $XRP’s resilience in the U.S. was evident during the SEC v. Ripple lawsuit. The case, which began in December 2020, concluded in August 2025 following a settlement between the parties.

Many viewed the lawsuit as an existential threat to $XRP’s viability in the U.S. However, backed by a strong community, the token survived the nearly five-year legal battle and remained fully operational throughout, earning Giancarlo’s public recognition for its perseverance.

More Banks to Embrace Blockchain as Regulatory Clarity Emerges

Meanwhile, Giancarlo said banks will accelerate their adoption of blockchain once regulatory clarity improves. Banks are already turning to blockchain for faster cross-border payments, lower costs, and stronger security. Use cases include smart contracts, real-time settlement, digital identity, and asset tokenization.

Notably, Goldman Sachs, BNP Paribas, and Deutsche Börse partnered on an initiative that led to the launch of the Canton blockchain. The platform focuses on institutional finance and the tokenization of real-world assets.

Despite this progress, Giancarlo believes broader adoption has stalled, especially in the U.S., due to regulatory uncertainty. He argues that once clear rules emerge, institutions will have little choice but to modernize and adopt blockchain architectures, whether via the $XRP Ledger or other blockchain systems. In his view, the future of finance will be multi-chain, not dominated by a single blockchain like Canton, Ethereum, or XRPL alone.

For now, the industry awaits comprehensive crypto legislation through the Clarity Act. Its progress in the Senate remains stalled due to disagreements over certain provisions. However, White House Crypto Adviser Patrick Witt recently voiced confidence that lawmakers will resolve outstanding issues and move the bill forward.