XRP held near the $1 level as Ripple joined a wider U.S. regulatory push that brought the White House, the Securities and Exchange Commission and the Commodity Futures Trading Commission into the same discussion as major crypto firms.

President Donald Trump was scheduled to host crypto executives on Aug. 19, with SEC Chairman Paul Atkins and CFTC Chairman Michael Selig also expected to attend, according to Reuters. The gathering comes one day before the CFTC's Innovation Advisory Committee meets in Washington, a body that includes Ripple CEO Brad Garlinghouse alongside executives from Coinbase, Nasdaq, CME Group and Polymarket.

Ripple Joins White House Crypto Talks

Garlinghouse is among the executives attending the White House gathering with leaders from Coinbase, Gemini, Polymarket and other firms. Nasdaq, CME Group, the New York Stock Exchange and DTCC may also take part. The session places regulators, crypto companies and traditional market operators in one room as Washington works through new digital asset rules.

Garlinghouse has previously pushed for Congress to pass the CLARITY Act. Speaking at the Wyoming Blockchain Symposium, he said Ripple supports rules that cover the wider crypto industry, and he repeated that XRP itself does not qualify as a security under the federal court ruling in Ripple's case.

The timing of the meeting also intersects with the CLARITY Act debate in Congress. Senate Majority Leader John Thune filed a cloture motion for September 15 after lawmakers left for the August recess, and the bill needs 60 votes to advance. The CLARITY Act seeks to define when digital assets fall under securities or commodities rules and to divide oversight between federal regulators, which is why these meetings matter for firms trying to operate under clearer federal guidance.

CFTC Meeting Puts XRP Policy in Focus

The CFTC will hold the inaugural Innovation Advisory Committee meeting in Washington on August 20, sponsored by Chairman Michael Selig. The agency originally named Garlinghouse among 35 members in February, a group that also included executives from Nasdaq, CME Group, Cboe and DTCC, linking crypto firms with major market infrastructure companies.

The CFTC says the committee advises it on technology, law, policy and finance. The August 20 agenda covers crypto asset regulation, artificial intelligence and prediction markets. A separate 2026 SEC and CFTC interpretation also lists XRP as an example of a digital commodity. The advisory committee can recommend policy approaches, while the Commission retains responsibility for its rules and enforcement, leaving the next phase of policy to formal agency action rather than the committee itself.

Derivatives Activity Raises Volatility Risk

XRP traded near $1 after rallying about 1% over 24 hours, leaving the market close to the $1.05 resistance area tracked by short-term traders. The $0.99 level continues to act as nearby support, while $0.97 marks the next lower zone if sellers regain control.

CryptoQuant data shows Binance XRP open interest climbed from about $181 million on August 3 to $232.7 million on August 17, pushing open interest to a two-month high. Rising open interest indicates that traders are adding leveraged positions but does not identify whether the next move will favor buyers or sellers.

Large XRP Ledger transfers also increased ahead of the Washington meetings. Transactions worth more than $1 million jumped 280% within 24 hours, reaching more than 38 transfers. The combination of higher derivatives activity and larger on-chain transfers suggests traders are paying close attention to the policy calendar, even as XRP remains anchored near a level that has drawn repeated short-term attention.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets can experience sharp price movements.