The former chairman of the US Commodity Futures Trading Commission stated that XRP has become a typical case of the Warren-Gensler administration's crackdown on cryptocurrencies.

According to a report by Bijie Network: Former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Chris Giancarlo, stated that XRP was once the "typical representative" of Washington's tough stance on cryptocurrencies, but it has weathered the storm and is now moving forward. He emphasized that regulatory clarity is crucial for U.S. digital finance and warned that without clear regulations, U.S. banks risk falling behind their global peers. Giancarlo cited Ripple's recent approval under the European MiCA framework as an example, pointing out that clear rules can unlock innovation potential, enabling wider adoption of its stablecoin and XRP. He noted that although European regulations give their banks an advantage, U.S. banks remain cautious due to uncertainty, and he highlighted the legal dispute between XRP and the U.S. Securities and Exchange Commission (SEC) as a significant turning point for the industry. Giancarlo believes that U.S. banks will only innovate when forced to do so and predicts that the future of digital finance will feature a multi-network landscape.