Former CFTC Chair Chris Giancarlo has given public praise to XRP, calling attention to how the token stayed active and relevant through extended US regulatory pressure.
According to reports, he singled out the period tied to regulators like Gary Gensler and Senator Elizabeth Warren as especially hostile, and asked observers to acknowledge XRP’s ability to hold its place in the market.
Giancarlo On Regulatory Pressure
Based on reports, Giancarlo used plain language to make a point about tough oversight and market endurance. He described XRP as having been treated as the figurehead for aggressive enforcement moves.
The SEC v. Ripple case, which began in December 2020 and ended with a settlement in August 2025, was put forward as a turning point.
Community backing and continuous network operation during that long legal fight were mentioned as reasons the token remained in the conversation.
He urged respect for that outcome. The line of thought was clear: rules matter before big banks will fully commit.
Banks Are Waiting For Clear Rules
Reports say Giancarlo expects banks to speed up blockchain adoption once legal guidelines become clearer. He highlighted use cases that banks already test, like faster cross-border transfers, faster settlement, and tokenized assets.
Big financial players are experimenting with institutional chains. Examples include a collaboration that resulted in the Canton blockchain, which was built with input from firms such as Goldman Sachs, BNP Paribas, and Deutsche Börse.
That project aims at handling real-world asset tokenization and institutional workflows. Adoption, he suggested, has been postponed more than it should have been because of regulatory fog in the US.
XRP market cap currently at $84.2 billion. Chart: TradingView
A Multi-Chain Outlook For Finance
Giancarlo argued that the next phase of finance will not be led by one chain. Reports note he sees a multi-chain future where different systems serve different needs.
Ethereum, XRPL, Canton and others will each play roles. Some functions will fit one ledger better than another. That idea reduces the odds of single-chain dominance and opens space for competition. It also allows institutions to pick tools that match their risk and compliance needs.
XRP Price Action
Meanwhile, XRP’s market has been hit by broader selling, with prices dipping toward multi-month lows. The token traded nearer to the $1.30–$1.60 band in recent sessions while some traders watched the $1.80 Fibonacci support as a key level.
Volatility rose and technical support was tested. Still, on-chain measures and network traffic showed pockets of strength, a sign that usage did not always mirror price moves. In short, network activity remained meaningful even as sentiment swung.
Featured image by Ron Sachs/Zuma Press, chart from TradingView
