Ripple President Monica Long has emphasized that cryptocurrency remains resilient, even amid global economic uncertainty and market ups and downs.
Long said in the CNBC interview, “The technology (Cryptocurrency) is here to stay.” She went on to say that Ripple is focusing on long-term growth and applying blockchain technology to address practical issues.
She acknowledged the impact of global economic volatility, including under pro-crypto President Donald Trump’s administration, but said the industry is watching closely and adapting.
President Trump’s reciprocal tariffs, which took effect on April 9, 2025, impose varying duties on imports from numerous countries, including a 104% tariff on Chinese goods and a 20% duty on European Union products. These steps are to correct trade deficits and support domestic production.
Although these tariffs have brought uncertainty into many industries, Long is bullish on the space of cryptocurrency.
Monica Long stated, “At Ripple, we take the long view — build, build, build,” creating valuable technology that solves actual problems. She believes that if there’s real utility, the rest will naturally fall into place, regardless of short-term market ups and downs.
When asked whether the crypto industry could face another downturn like previous “crypto winters,” Long said the ecosystem today is much more stable than in the past.
On the possibility of another crypto winter, Long was optimistic, saying the sector is more stable now: “We’re in a sturdier place. If you think back to the crisis with banks like Silvergate and Signature, that was a real systemic risk. But now, the industry has evolved.”
She added that crypto still operates within the broader economy, but the foundations are stronger than before.
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