Rosie Rios, the 43rd U.S. Treasurer and current Ripple board member, has renewed her support for XRP in a video that’s stirred speculation across the crypto space.

Speaking publicly, Rios emphasized XRP’s real-world use in global payments and suggested she could collaborate with former President Donald Trump, sending ripples through both financial and political circles.

Her remarks come as Ripple, the blockchain firm behind XRP, formally drops its appeal in a long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), marking a major turning point in the cryptocurrency’s regulatory journey.

Rios: XRP Has Real-World Purpose

In a recent video posted on X, Rios stated, “I am on the board of Ripple. I joined Ripple’s board because XRP has a purpose.” She cited XRP’s role in enabling faster, cheaper cross-border payments as a key reason for her support.

Unlike other cryptocurrencies, Rios argued, XRP is already integrated into real financial networks. “This is not about speculation,” she implied, setting XRP apart from digital assets like Bitcoin and Ethereum.

Her background lends weight to her remarks. As U.S. Treasurer from 2009 to 2016, Rios oversaw the production of U.S. currency and now sits at the intersection of traditional finance and blockchain innovation.

Read more: Why Is Crypto Going Up? Bitcoin, XRP, Dogecoin and Ethereum Are Surging Today

Rios also hinted at the possibility of working with Donald Trump, though she offered no further detail. The comment has fueled speculation about what a Trump-Rios collaboration might mean for Ripple and the wider digital asset landscape.

Ripple Ends Appeal in SEC Case

Meanwhile, Ripple announced it will drop its cross-appeal in its legal case with the SEC, effectively ending one of the crypto industry’s most high-profile courtroom battles. CEO Brad Garlinghouse confirmed the move in a post on X, saying Ripple is “closing this chapter once and for all.”

The announcement followed U.S. District Judge Analisa Torres’s rejection of Ripple’s joint request with the SEC to reduce a $125 million civil penalty or lift restrictions tied to XRP sales.

Related: XRP Price Jumps 5% as Ripple Seeks U.S. National Bank Charter

Despite the wave of positive news, XRP has remained volatile, recently trading between $2.2 and $2.27. The price still falls short of the long-anticipated $3 mark, frustrating long-time holders. However, with the legal cloud lifted and high-profile endorsements emerging, sentiment is shifting.

This article was written by Jared Kirui at www.financemagnates.com.TrendingRead More

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