XRP News Today: White House Collaborates with Crypto Industry to Transform Financial Systems at Ripple Swell 2025

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XRP News Today: White House Collaborates with Crypto Industry to Transform Financial Systems at Ripple Swell 2025

Bitget-RWA2025/10/24 13:46

By:Bitget-RWA

- White House official Patrick Witt will keynote Ripple Swell 2025, marking first major blockchain conference address by administration representative. - Speech emphasizes coordinated digital asset regulation, aligning with $17B Strategic Bitcoin Reserve and tokenized securities frameworks. - Ripple's political ties and XRP's post-SEC victory surge highlight crypto's growing institutional legitimacy amid regulatory convergence. - JPMorgan's Bitcoin collateral plans and ISO 20022 adoption underscore traditi

The White House has been increasing its involvement with the cryptocurrency industry, highlighted by Patrick Witt, who serves as executive director of the President's Council of Advisors on Digital Assets, confirming he will deliver a keynote speech at Ripple Swell 2025 in New York, according to a

Coinfomania report

. Scheduled for November 4–5, this event marks the first occasion a White House representative will speak at a major blockchain conference, reflecting a move toward more collaborative policy efforts between the administration and digital asset leaders, as

The Crypto Basic

noted. Witt’s attendance highlights the U.S. government’s acknowledgment of the impact cryptocurrencies have on transforming financial systems and regulatory policies.

Ripple Swell 2025 has become a key event for institutional adoption, attracting executives from Nasdaq,

BlackRock

, and

JPMorgan

, as well as government officials. Witt’s address will emphasize the need for a “unified strategy” in regulating digital assets, in line with the administration’s recent launch of a $17 billion Strategic

Bitcoin

Reserve and new proposals for stablecoin and tokenized security regulations, according to a

Coinotag report

. The White House’s participation raises the event’s importance, helping to connect blockchain innovators with established financial institutions, as Coinfomania reported.

XRP News Today: White House Collaborates with Crypto Industry to Transform Financial Systems at Ripple Swell 2025 image 0

Ripple’s reach goes further than just policy. The company has strengthened its political connections, including helping to finance President Trump’s $300 million White House ballroom initiative together with other crypto firms such as

Coinbase

and

Tether

. While some critics say this raises ethical questions, supporters argue it demonstrates Ripple’s significance in the market. The price of XRP has seen increased volatility amid speculation that closer ties with the government could benefit the token, especially after Ripple’s partial legal win against the SEC in 2023, as reported by

The Crypto Basic

. Interest from institutions in

XRP

has also grown, with Ripple’s $1 billion liquidity injection and buyback program addressing supply issues, according to

CoinPedia

This event mirrors larger trends in the financial sector. For example, JPMorgan is reportedly planning to allow clients to use Bitcoin and

Ethereum

as collateral for loans, indicating Wall Street’s growing acceptance of digital currencies, as

Cointelegraph

reported. These developments fit with Ripple’s goal of positioning XRP as a link between conventional finance and blockchain, especially under the ISO 20022 standard for tokenized assets, a trend also noted by CoinPedia.

Witt’s keynote comes at a time when U.S. regulators are working to establish the country as a leader in the crypto space. His support for treating digital assets as essential infrastructure aligns with Ripple’s efforts to promote cross-border payments and enterprise use, as Coinotag mentioned. The intersection of regulatory and market forces at Ripple Swell 2025 highlights an industry evolving under increased oversight and institutional interest.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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