Former CFTC Chair Chris Giancarlo has publicly lauded XRP’s resilience, arguing the token’s ability to stay active and relevant represents a rare display of endurance under prolonged U.S. regulatory pressure.
Giancarlo pointed to the period around aggressive oversight from figures like SEC Chair Gary Gensler and Senator Elizabeth Warren as particularly hostile, saying XRP effectively became a “figurehead” for stringent enforcement. He emphasized that despite being at the center of enforcement rhetoric, XRP’s network kept operating and its community remained engaged — factors he believes helped the token survive the storm.
He framed the SEC v. Ripple saga — launched in December 2020 and resolved with a settlement in August 2025 — as a turning point. According to Giancarlo, the case showed how important clear rules are before big banks will fully commit to blockchain solutions. He urged observers and market participants to respect the outcome and recognize that durable network activity and community support matter as much as price action.
Giancarlo also predicted that clearer legal guardrails will accelerate institutional rollout of blockchain technology. He highlighted practical bank use cases already under trial, including faster cross-border payments, quicker settlement cycles and tokenized assets. Large institutions, he noted, are experimenting with dedicated institutional chains: one prominent example is the Canton blockchain, developed with input from firms such as Goldman Sachs, BNP Paribas and Deutsche Börse, designed to support real-world asset tokenization and institutional workflows.
He argued the next phase of finance will be multi-chain rather than monopolized by a single ledger. Ethereum, the XRP Ledger (XRPL), Canton and others, he said, will each have niches — some ledgers better suited for certain functions — which encourages competition and allows banks to choose systems that match their risk, compliance and operational needs.
Market snapshot: XRP’s price has felt the pressure amid broader selling, sliding toward multi-month lows. Recent sessions saw trading cluster around the $1.30–$1.60 band, while some traders kept an eye on the $1.80 Fibonacci level as a key support point. Volatility ticked up as technical supports were tested, but on-chain metrics and network traffic revealed pockets of strength — a reminder that usage and transactional activity don’t always track price moves.
Image: Ron Sachs/Zuma Press. Chart: TradingView.
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