The expected warming of the market's move towards U.S. digital asset regulation following the White House Conference on Encryption was followed by a strong XRP. The Chief Executive Officer of Ripple, Brad Garlinghouse, attended together with Trump, Paul Atkins, Chairman of the United States Securities and Exchange Commission, Michael Selig, Chairman of the United States Commodity Futures and Futures Trading Commission, and Brian Armstrong, Chief Executive Officer of Coinbase, among others.

Meeting Focus Encryption Legislation

The focus of the talks included a clearer regulatory framework for encryption, home-grown innovation in the United States, and the follow-up to the CIA Act. Garlinghouse stated at the conference that the encryption industry was no longer a marginal market, and mentioned that some 67 million people in the United States already hold encrypted assets.

He also indicated that, as users expanded, Washington could hardly ignore the industry. For Ripple, a clearer regulatory environment has been its long-standing claim, as it will affect the ease of operation of encryption companies and financial institutions in the United States.

Trump called for a move on the bill.

According to the report, Trump called on Congress to promote a “fair” version of the relevant legislation that would open up space for the next round of innovation. Armstrong called the September 15 CLARITY Act the most important point for the next step and stated that the White House, SEC and CFTC were more in line.

Atkins also indicated that the SEC is promoting rules on encrypted assets with the aim of making the United States a more market environment for digital asset innovation. He said that the proposed rules were expected to provide greater certainty when an enterprise financed through digital assets.

However, the bill is not yet in law, and its subsequent advancement in the Senate remains a focus of market concern.

XRP synchronized with ETF funds

Against the background of expected regulatory improvements, XRP rose at one point to about US$ 1.09, a clear rebound from the previous level close to US$ 1 and a breakthrough of US$ 1.08.

In addition to policy expectations, ETF funding flows have also provided support. On 18 August, the spot XRP ETF recorded a net inflow of $5.81 million, the largest single-day inflow since 31 July; no new funds were recorded for products related to the previous trading date.

At present, only the current total holdings of XRP ETFs represent approximately 1.5 per cent of the current supply. This data shows that while prices rebounded, financial interest at the end of the institutional product also picked up.