Ripple CEO Brad Garlinghouse is scheduled to speak at the Wyoming Blockchain Symposium on Aug. 18, joining U.S. policymakers and financial industry executives as the debate over digital asset regulation moves into another important stretch.

SALT’s updated agenda schedules Garlinghouse’s 15-minute session, “Modernizing Financial Infrastructure,” for 3:05 p.m. Mountain Time at the Four Seasons Resort Jackson Hole. CNBC markets and crypto reporter Tanaya Macheel will moderate.

Ripple CEO’s session focuses on financial infrastructure

Garlinghouse’s appearance is now more specific than when SALT first announced him as a speaker in July. As crypto.news previously reported, Ripple joined the third annual Wyoming gathering before organizers had disclosed his session title or time.

The current agenda does not list an XRP announcement, product launch or new Ripple partnership alongside his session. The “Modernizing Financial Infrastructure” title also provides no detailed discussion topics. Claims that Garlinghouse will unveil an XRP-specific development would therefore go beyond what organizers have confirmed.

U.S. crypto policy will frame the Wyoming event

Garlinghouse will speak on a day carrying a strong U.S. regulatory focus. SEC Chair Paul Atkins is scheduled at 10:00 a.m. for “Inside America’s Regulatory Restructuring.” Senators Tim Scott and Cynthia Lummis follow with a discussion titled “Cementing America’s Financial Leadership.”

EiCrypto has launched a contract-based cloud mining platform designed to help XRP and BTC holders diversify asset participation amid market volatility.

The XRP community is closely monitoring a speech by Ripple CEO Brad Garlinghouse, hoping it will drive up the price of XRP.

According to XRP community member Eri, Ripple CEO Garlinghouse is scheduled to speak at the 2026 Wyoming Blockchain Symposium — co-hosted by SALT and Kraken — in Jackson Hole from August 17 to 20. This invitation-only event, limited to 500 attendees (including heavyweights from the cryptocurrency sector such as SEC Chair Paul Atkins), aims to provide opportunities for focused discussion and networking, with Ripple and the broader XRP ecosystem taking center stage.

According to reports, Garlinghouse is scheduled to speak on the second day of the conference on the topic of “Modernizing Financial Infrastructure.” His presentation aims to take a forward-looking approach to fostering digital asset regulation, creating a global financial system that is decentralized rather than centrally planned, and driving a deeper understanding and adoption of blockchain infrastructure among institutions.

New asset management strategies for XRP holders

At the same time, a fatal problem has been presented to XRP holders. Apart from adopting a simple speculative strategy: buying XRP at a low price and holding it for the long term to wait for the price to rise, which could potentially bring unpredictable profits in the short term if the market is in a bull market, they also face the risk of asset devaluation or a long correction period due to market fluctuations.

Consequently, an increasing number of XRP holders are shifting away from speculative “buy low, sell high” strategies. Instead, they are adopting diversified management approaches that enhance asset utilization and generate cash flow — enabling their XRP holdings to effectively produce passive income in a more stable and sustainable manner.

A new option for XRP holders: EiCrypto Cloud mining

EiCrypto, a leading global digital asset service provider, has launched a brand-new cloud mining platform that is attracting significant attention from XRP investors. Leveraging an innovative contract-based mechanism that links returns to computing power, the platform effectively helps investors — including those holding XRP and BTC — mitigate the risks associated with market stagnation and price volatility, thereby enhancing asset utilization and maximizing returns.

EiCrypto operates mining facilities across more than 100 countries, utilizing over 800,000 mining units powered entirely by renewable energy and situated in regions with low electricity costs and stable infrastructure.

These mining facilities operate continuously to mine cryptocurrency; users do not need to purchase hardware or grapple with technical complexities. Instead, they participate remotely by selecting cloud mining contract plans via the EiCrypto platform, gaining the right to utilize computing power for a fixed contract term. The share of computing power purchased determines the user’s final returns, offering the potential to earn $8,000 per day.

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Once the contract is activated, earnings will be automatically settled to the account after 24 hours. Users can choose to withdraw their earnings or reinvest them, thereby achieving long-term, compound growth of their digital assets.

Environmental sustainability and lawful operations

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In conclusion

As the regulatory framework for digital assets continues to mature, investors are increasingly focusing on diversified strategies that preserve long-term value and enhance asset utilization; leveraging the yield-generating mechanisms of the EiCrypto platform to transform XRP, BTC, and ETH into wealth-generating assets represents the optimal approach today.

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The battle is likely to be finished one way or another next month, when the Clarity Act gets its final three weeks of Senate action before the midterm elections, and the stakes will test the old-guard strength of bank lobbyists against the high-spending political powers of crypto advocates.

The banks have made an appeal that what they’re doing represents the public good: Their business model requires that people keep their money in deposits, which don’t pay enough interest to compete with what crypto firms would pay in stablecoin yield, if given the chance. People can’t be allowed to make money off their holdings of stablecoins, the banks contend, because if customers abandon low-interest bank deposits, the institutions won’t be able to reuse their money to support bank lending.

One of their standard bearers, JPMorgan Chase & Co. CEO Jamie Dimon, says banks aren’t being treated fairly, contending that stablecoins don’t carry the same government scrutiny, regulations and requirements to track the identity of users.

“It should be fair and equal, period,” Dimon, whose bank is the largest in the U.S., said in a June Fox Business interview, saying the Clarity Act had “almost no legal protections” to prevent money laundering and other illicit finance.

Binance has extended its rewards push around Ripple USD with another four-week campaign offering one million XRP to eligible RLUSD holders. 

The new campaign began at 00:00 UTC on Aug. 14 and runs through Sept. 11, according to the exchange’s updated announcement. Rewards will be distributed every Friday across four installments.

The follow-on program started immediately after Binance’s first RLUSD campaign ended on Aug. 14. That earlier promotion offered $800,000 worth of XRP across four weekly distributions beginning July 17. As crypto.news previously reported, the first campaign tied XRP rewards to eligible RLUSD balances held through Binance Earn and Margin products.

Binance keeps RLUSD eligibility rules largely unchanged

To qualify, users must maintain at least 0.01 RLUSD in an eligible Earn or Margin account and record at least $500 in average daily Margin or Futures trading volume. The trading volume can come from any supported pair as long as RLUSD is being used as collateral.

Binance calculates rewards using each user’s qualifying RLUSD balance and an effective annualized percentage rate determined for each weekly period. The lowest RLUSD balance observed during hourly snapshots becomes the qualifying balance for that day. There is no stated individual reward cap.

RLUSD created by borrowing other stablecoins receives different treatment. Binance applies a 60% haircut to the leveraged portion after accounting for liabilities involving USDT, USDC, U, USD1 and FDUSD. RLUSD that is itself recorded as a borrowing liability is excluded from the qualifying balance.

One million XRP will be distributed through Sept. 11

The first distribution under the new campaign is scheduled for Aug. 21, followed by payments on Aug. 28, Sept. 4 and Sept. 11. Binance will determine the effective APR and XRP valuation for each period at the time of distribution.

The prior campaign shows how those rates can move. Its effective APR started at 22.25% for the first week, then fell to 8.22%, 8.08% and 7.69% in subsequent distributions. Binance warns that the APR is “not indicative of future results” and may fluctuate from week to week.

“The old ‘long bitcoin, short the bankers’ trade is over: banks have moved from resisting digital assets to building and enabling or distributing them through custody, tokenization and regulated trading,” Dori said.

He attributed the shift to client demand and clearer rules, calling it structural rather than cyclical.

Early bank entrants included Swissquote, which added bitcoin trading in 2017, DBS in 2020 and BBVA in 2021. BNY Mellon started institutional crypto custody in 2022, the same year Nubank launched bitcoin and ether trading and LGT added crypto services.

St.Galler Kantonalbank and Santander followed in 2023, while Zürcher Kantonalbank added retail trading in 2024, before other major financial industry players including Standard Chartered, Charles Schwab, SoFi and Morgan Stanley entered the space.

Anchorage Digital CEO Nathan McCauley, meanwhile, said its client roster has increasingly reflected the convergence of traditional and decentralized finance over the past two years.

Large financial firms are partnering with specialist providers rather than building their own infrastructure, he said. Still, real-world assets coming onchain and crypto wrappers being created by large asset managers is showing two worlds are increasingly becoming one.

“We’re quickly headed towards a world where there isn’t ‘traditional finance’ and ‘decentralized finance.’ There’s just ‘finance,” McCauley told CoinDesk. “

An unnamed XRP Ledger startup being developed by former Ripple staffer Bias Goose will use RLUSD as a primary financial rail, according to a series of public posts published since Aug. 8. 

His latest Aug. 16 post said, “We will make RLUSD great again,” but disclosed no project name, partners or detailed product structure. Bias Goose previously worked in developer growth at Ripple and now works in marketing at Walrus Protocol.

The public disclosures remain narrower than some descriptions of the project suggest. Bias Goose has said the startup involves companies from a sector that has traditionally been resistant to blockchain and intends to generate “real yield” without its own token or artificial incentives. Those economic claims cannot yet be independently tested because the underlying businesses and revenue model remain undisclosed.

RLUSD is confirmed, but the startup remains unnamed

Bias Goose first said on Aug. 8 that the XRP Ledger would get a new startup “in just about a month.” That points broadly to September rather than establishing a firm launch date. No exact date was included in that announcement.

Two days later, he said the team had formed partnerships with a “rather closed off sector” and planned to bring participants from that industry onchain. He also said the model would use RLUSD rails, involve XRP later and feature “no incentives, no tokens.” These remain statements from the project’s creator rather than independently confirmed partner announcements.

Yield claims remain the biggest unanswered question

The commercial pitch centers on returns generated by real-world activity rather than token emissions. Reports have attributed expectations of returns above U.S. Treasury yields to the project, but no underlying assets, borrowers, contractual cash flows or audited performance figures have been released. Those return claims should therefore be treated as forward-looking and unverified.

RLUSD itself does not automatically produce those returns. Ripple describes the stablecoin as a dollar-backed asset designed for payments, settlements, treasury management and onchain finance. Any yield offered through the startup would need to originate from another asset, strategy or commercial activity layered around RLUSD.

RLUSD already has a growing institutional footprint

Ripple’s latest transparency report showed $1.5896 billion of RLUSD circulating against $1.7026 billion in reserve funds as of Aug. 6. Standard Custody & Trust Company, the issuer, is supervised by the New York Department of Financial Services, while Ripple publishes monthly third-party attestations covering supply and reserves.

RLUSD has also expanded internationally. Ripple and SBI launched the stablecoin in Japan in June following regulatory approval there. As crypto.news previously reported, RLUSD trading had driven more than $2.5 billion through XRP Ledger pairs by late June, giving new XRPL applications a deeper dollar-liquidity base than existed when RLUSD launched.

What happens next

The next verifiable milestone is a fuller project reveal. Bias Goose’s Aug. 8 timeline points to roughly early September, but no firm launch date has been announced. Claims about counterparties, expected returns, legal structure or a possible Walrus integration remain unconfirmed until the project or its partners publish supporting details.

There is also no announced project token. Bias Goose has explicitly said the model will use “no incentives, no tokens” while operating on RLUSD rails. If that remains the structure, the main questions will be how RLUSD enters the system, what activity produces the proposed returns, how risks are managed and whether XRP gains a role beyond serving as the XRP Ledger’s native asset.

Cardano’s Dijkstra upgrade remains on its agreed technical scope and schedule, with developers targeting Linear Leios and Nested Transactions in the first phase before a separate Peras activation in 2027. 

Intersect said in its Aug. 14 update that planning is now shifting toward ecosystem readiness, testnet reporting and support for alternative node implementations.

The latest official roadmap divides Dijkstra into two phases. Phase 1 introduces the new Dijkstra ledger era and Linear Leios, with a Q4 2026 code-completion target. Phase 2 activates Ouroboros Peras through an intra-era hard fork targeted for Q2 2027. The published schedule explicitly says those dates are estimates and “not guarantees,” as testing and on-chain governance can extend the final mainnet timeline.

Cardano Dijkstra puts Linear Leios in Phase 1

Linear Leios is the main scaling component of the first Dijkstra hard fork. Rather than replacing Cardano’s Praos security model, it introduces Endorser Blocks that can reference additional transactions and have them certified by stake-based committees. The design aims to increase throughput while retaining the existing base consensus guarantees.

Phase 1 also includes Nested Transactions, new transaction and block serialization structures, PlutusV4 changes and several protocol parameter additions. Importantly, it will install the codec extensions and parameters required for Peras without activating Peras itself.

As crypto.news previously reported, Cardano’s van Rossem hard fork moved mainnet to Protocol Version 11 in July and laid technical groundwork for Dijkstra and Leios.

Ouroboros Peras is scheduled for Phase 2. The protocol adds a voting layer that allows committees of stake pool operators to vote on recent chain tips, giving Cardano a way to reach settlement faster than under standard Praos chain-depth rules.

Intersect currently targets Q2 2027 for the Peras phase. That will require its own Preview and Pre-production deployments followed by another mainnet governance action. Phase 1 must already be active because it supplies the ledger structures and protocol parameters Peras requires.

Amaru moves toward Cardano block production

Dijkstra is also pushing Cardano toward greater node-client diversity. Intersect said Amaru, an open-source Rust implementation, is already relay capable and can validate and synchronize with the chain tip. Mainnet block production is targeted for November 2026.

Amaru’s own development tracker provides more detail. Its general block-producer release is targeted for Sept. 30, followed by a Dijkstra-compatible block producer milestone on Oct. 29 and a Leios-compatible release on Nov. 26. These are development milestones rather than guaranteed Cardano mainnet activation dates.

Node diversity would reduce Cardano’s reliance on its Haskell implementation. Intersect is also developing a Dijkstra readiness tracker covering testnet performance and ecosystem preparation while inviting alternative node teams into its weekly Hard Fork Working Group.

Governance changes must arrive before Dijkstra

Dijkstra introduces protocol parameters that Cardano governance cannot change unless they appear explicitly within the Constitution’s guardrails. Input Output therefore plans a narrow constitutional amendment adding the relevant parameters and permitted ranges. It does not propose changes to governance roles, voting thresholds or constitutional principles.

The current target is to submit that governance action no later than Epoch 655, beginning Sept. 11. Community discussion is already being organized through Intersect’s Constitutional Amendment Portal, which had received four initial submissions by Aug. 14.

Ultimately, the near-term work centers on completing Dijkstra code, establishing readiness criteria and moving the first phase through Preview and Pre-production before any mainnet governance vote. Intersect’s latest update says the agreed scope and target dates remain unchanged.

The main caveat is timing. Although the Haskell node team is working toward Phase 1 mainnet delivery by the end of 2026, the formal roadmap describes Q4 as a code-completion target and says governance and community testing can push activation later. Peras remains targeted for Q2 2027 after Phase 1 is deployed.