XRP News: Former U.S. Treasurer Rosie Rios Renews Backing for Ripple as Token Gains 4%
July 4, 2025 — By Jared Kirui
In a notable development for the cryptocurrency sector, Rosie Rios, the 43rd U.S. Treasurer and current board member of Ripple, has publicly renewed her support for XRP, Ripple’s native digital token. In a video statement that has generated widespread discussion across the crypto community, Rios highlighted the practical utility of XRP in global payments, emphasizing its role in enabling faster and more affordable cross-border transactions.
Rios Emphasizes XRP’s Real-World Purpose
Rosie Rios, who served as U.S. Treasurer from 2009 to 2016 and oversaw the production of U.S. currency during her tenure, shared her reasons for joining Ripple’s board and backing the cryptocurrency. Posting on the social platform X, she declared, “I am on the board of Ripple. I joined Ripple’s board because XRP has a purpose.” She pointed out that unlike many cryptocurrencies, which are often viewed as speculative assets, XRP is integrated into existing financial networks, offering a tangible solution to the challenges of cross-border money transfers.
“XRP enables faster, cheaper cross-border payments,” Rios noted, underscoring why the token stands out from Bitcoin, Ethereum, and other digital currencies. Given her extensive background in traditional finance and monetary policy, her endorsement carries significant weight, bridging the gap between conventional financial systems and innovative blockchain technology.
Ripple’s Legal Battle Nears Resolution
Rios’s renewed backing comes amid a pivotal moment for Ripple Labs. The blockchain firm announced that it will formally drop its cross-appeal in its protracted legal battle with the U.S. Securities and Exchange Commission (SEC), marking a significant turning point in XRP’s regulatory journey.
CEO Brad Garlinghouse confirmed the decision via X, stating, “Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value.” This move follows a U.S. District Judge’s rejection of Ripple’s joint request with the SEC to reduce a $125 million civil penalty and lift restrictions on XRP sales.
Market Reaction and Speculation
Despite some price volatility in recent weeks, XRP’s value has increased nearly 4% over the past seven days, reflecting a renewed investor interest driven by positive developments from Ripple and influential endorsements such as Rios’s. The token traded in a range of $2.20 to $2.27 recently, still shy of the much-anticipated $3 threshold that has long been a target for holders.
Adding fuel to the speculation, Rios hinted in her statements at a potential collaboration with former President Donald Trump, though she did not provide further details. This comment has stirred curiosity across both financial and political spheres, as market watchers ponder what such an alliance might mean for Ripple’s future and the broader digital asset ecosystem.
About Ripple and XRP
Ripple Labs, co-founded by Jed McCaleb and Chris Larsen in 2012, operates a decentralized digital payment network designed to facilitate cross-border transfers with enhanced speed and minimal costs. XRP, the firm’s pre-mined token, is the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum. Ripple’s platform supports multiple currencies including GBP, Ethereum, yen, and others, positioning itself as a gateway for seamless financial transactions worldwide.
With Ripple’s regulatory uncertainties easing and prominent figures like Rosie Rios emphasizing XRP’s practical applications, the cryptocurrency’s path forward appears increasingly promising.
Related Reads:
- Why Is Crypto Going Up? Bitcoin, XRP, Dogecoin, and Ethereum Are Surging Today
- XRP Price Jumps 5% as Ripple Seeks U.S. National Bank Charter
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