Ripple Strikes Back: Garlinghouse Slams SEC as Trump-Era Policy Takes Hold
In a Fox Business interview on The Claman Countdown, Garlinghouse confirmed that Ripple and SEC staff have finalized terms to end the multi-year legal battle over XRP. The commission is now expected to vote on a final dismissal.
Under the deal, Ripple will pay $50 millionless than half of the $125 million it had previously set aside for penalties. The remainder, plus interest, will be returned to the company.
This is a big step forward, Garlinghouse said. Genslers SEC was on the wrong side of the law. With new leadership at the SEC and the White House, were seeing a much more constructive and pro-innovation stance.
Trump Administration Earns Praise From Ripple Chief
Garlinghouse didnt hold back in his praise for the Trump administrations crypto-friendly posture. He singled out figures like David Sacks and Paul Atkins as instrumental in shaping what he called common-sense regulatory direction.
President Trump is absolutely delivering on his promises, Garlinghouse said. These are people who want to see this industry thrive here in the U.S.
The Ripple CEO also spotlighted two major bills gaining steam in Congressone focused on stablecoins and the other on broader market structure. Ripple, which recently launched a stablecoin under a New York trust license, sees federal clarity as key to further growth.
Ripples Latest Acquisition Signals Confidence in U.S. Market
In a sign of growing optimism, Garlinghouse revealed that Ripple has closed one of the largest crypto acquisitions to date.
We could not have made this purchase a year ago, he said. There was a coordinated attack on crypto under the previous administration. They werent listening to voters or to consumers. Thats all changed.
XRPs Momentum Outpaces Market Despite Tariff Shock
Garlinghouse acknowledged the recent market pullback, spurred by new tariff announcements from President Trump. XRP is down nearly 5% from its recent highs, and Bitcoin remains 2% below its pre-tariff levels. But he urged investors to focus on the bigger picture.
XRP has been the best performing major cryptocurrency over the last 90 days, he said. Were investing in where the world will be in three yearsnot what happens over the next six months.
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