Ripple settles with SEC, XRP price rallies: CEO thanks Trump

XRP is the most efficient major cryptocurrency in the last 90 days, according to the CEO of Ripple Brad Garlinghouse.

The rally coincides with Ripple (Xrp) agreeing to pay $ 50 million to the American Commission on securities and exchanges within the framework of a regulation.

Recall how the SEC continued Ripple in December 2020, claiming to have sold XRP as unregistered security. The legal battle has become one of the most watched cases in cryptographic industry.

In a key decision in 2023, the court gave Ripple a partial victory: institutional sales were legal, but XRP sales on public exchanges violated securities.

Ripple initially set aside $ 125 million in sequestration for potential penalties.

“We actually take over most of this return, including the interest that had been won along the way Fox Commercial Interview. “I think it’s just proof that the first [Gary] Dry people was on the wrong side of the law. And thanks to the new management of the dry and the White House. »»

Like other crypto societies (that is to say, Jamming,, Gemini,, Subcontractor), Ripple benefited from the support of President Donald Trump. Last year, the company would have given millions in his presidential campaign and at least $ 5 million In XRP tokens at the inauguration on January 20.

The SEC of the Trump administration quickly abandoned many proceedings and surveys against cryptographic societies as thanks. While Trump’s allies say that this underlines the desire to create a more transparent regulatory framework, criticism argue It is a form of Crypto-Crory capitalism.

Ripple develops while regulations facilitate

With the lifting of the regulatory cloud, Ripple plans to extend its activities. The company has recently completed its greatest acquisition to date, purchase Broker Hidden Road bonus for $ 1.25 billion.

Garlinghouse stressed that such a decision “would have made no sense a year ago” under what he perceived as a hostile regulatory environment under the former president of the SEC, Gary Gensler.

“This allows even larger institutions like Blackrock, such as Wall Street’s largest financial institutions, to enter this market in a way they understand with a safer premium broker to help erase transactions and a bigger balance sheet to do this,” he explained.

The acquisition of the hidden road brings the number of Ripple employees to around 1,100 people, Garlinghouse noting that for years, the company was forced to focus on hiring outside the United States due to regulatory uncertainty.

“As an American citizen, I grew up in Kansas. I would like to hire people here. We have some of the best talents in the world here. But that didn’t make sense to invest in a market where we could not sign customers,” he said.

Ripple recently increased its product offers by launching a Stablecoin with a New York New York Department of Financial Services.

For the future, Garlinghouse expects the regulatory clarity to continue to improve in two key areas: bills on legislation and structure of the stable market. He expressed the confidence that the federal legislation of Stablecoin would advance “as soon as possible”.

When asked bitcoin (BTC) Price predictions, Garlinghouse suggested that $ 200,000 by the end of the year were “not unreasonable”.

He mentioned that he was slightly higher than his previous forecasts of $ 175,000. He attributed his upward prospects to change in the American regulatory approach: “People underestimate how the greatest economy in the world, the United States, has gone from the opposite winds, from hostility to rear winds.”

XRP has been on an ascending trajectory in the past year. A rally occurred after the re -election of Donald Trump in Novèmeber. See below.