XRP Shake-Up: SEC Stumbles, Ripple Smirks

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In a dazzling display of legal theatrics, Ripple’s head honcho Brad Garlinghouse recently declared victory over the SEC’s not-so-subtle battle against XRP. During a chat with Fox Business (one can only imagine the bravado), he grinned like a Cheshire cat, pointing out how the new SEC Chair’s arrival heralds a more crypto-cordial government—though we’re still awaiting that elusive clarifying memo. 🤔

Garlinghouse regaled viewers with tales of the grand finale to Ripple’s war with the SEC and mused on how American regulation might not rank among the world’s shining examples—yet. 🏛️

While at it, he dropped a casual mention of Ripple’s momentous $2 billion acquisition of Hidden Road, boldly suggesting it would have been laughably impossible a year ago (ah, the fickle moods of regulators). But, dear reader, times they are a-changin’, so Ripple is swiftly parading past the SEC’s red tape and plunging into the tantalizing future of the crypto market. 🚀

Great to be back with @LizClaman today to chat about Ripple’s historic acquisition of prime broker Hidden Road and what this means for the broader crypto market, as the US takes a much-needed pro-innovation approach with new leadership. We’re moving past the SEC’s war on crypto…

— Brad Garlinghouse (@bgarlinghouse) April 11, 2025

Apparently, Ripple had stashed away $125 million just in case the SEC demanded a crown jewel tribute. Now, thanks to this fortuitous shift in attitude, the company is triumphantly reclaiming most of that money (plus interest, of course). The perpetually stern SEC will still pocket $50 million, while another $50 million goes straight into the US coffers—both presumably to fund more closed-door crypto pondering sessions. 🤷‍♂️

Intrigue abounds as Ripple negotiates paying its fine in XRP, sparking rumors that the digital coin might end up in the US government’s secret stash of big-shot crypto assets—because nothing says “futuristic national treasury” like a digital wallet full of intangible tokens. 💼

Will US Hold XRP In Its Digital Asset Stockpile?

Allegedly, the government’s rummaging through those forfeitures like kids in a candy store, amassing Bitcoin, Ether, USDT, and more—but curiously, no XRP yet. However, if Ripple chucks 24.63 million of its precious coins at the SEC, we might see them enter the hallowed ranks of Uncle Sam’s crypto trove. Will it happen? In true bureaucratic fashion, everyone is awaiting the commissioners’ top-secret vote. Perhaps they’re busy flipping coins (crypto coins, naturally) to decide. 🤔🔮

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2025-04-12 14:22