Ripple CEO’s Wild Ride: SEC Gets $50 Million in XRP? You Won’t Believe This!

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So, there I was, minding my own business, when Ripple CEO Brad Garlinghouse decided to grace us with his presence on Fox Business. You know, just your average Tuesday, right? He was there to discuss the end of the legal saga with the SEC, now that a new chairman has been appointed. Because nothing says “let’s celebrate” like a bureaucratic shuffle! 🎉

In his interview, Brad touched on some *really* important stuff—like how the US government is finally warming up to crypto. It’s like watching your grumpy uncle finally accept that maybe, just maybe, avocado toast isn’t the end of civilization as we know it. 🥑

Ripple Enters the Next Phase of Crypto Market

In a tweet that was probably crafted by a team of caffeinated interns, Garlinghouse thanked Liz Claman, the Fox Business host, for chatting about Ripple’s latest acquisition of Hidden Road. You know, just a casual $2 billion purchase—no big deal! It’s not like a year ago, such a move would have been akin to buying a yacht in a drought. 🚤

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

Brad confidently declared that Ripple is “moving past the SEC’s war on crypto.” I mean, who knew that the SEC was even capable of waging a war? I always thought they were more of a “let’s sit around and make things complicated” kind of organization. But here we are, folks! The dawn of “true institutional flows integrating with decentralized finance.” Sounds fancy, doesn’t it? 💼

Here’s What’s Happening to $125 Million SEC Fine

During the interview, Garlinghouse made it clear that the SEC case is finally over. Apparently, the new administration has decided to stop treating crypto like a rebellious teenager. He claimed that Gary Gensler’s SEC was “on the wrong side of the law.” I mean, who knew the SEC could be wrong? It’s like finding out your dentist has been using a nail file instead of a drill. 😬

Now, about that $125 million fine that Ripple was supposed to pay—Brad mentioned that they had stashed that cash in escrow, like a squirrel hoarding nuts for winter. But now that the regulatory climate has changed, they’re pulling out the funds, along with some interest. Because who doesn’t love a little extra cash? 💰

In a twist that would make any soap opera writer proud, Garlinghouse revealed that the SEC would still get $50 million, and the US government would snag another $50 million. But here’s the kicker: Ripple is negotiating to pay those amounts in XRP instead of boring old dollars. Because why not add a little drama to the mix? 🎭

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2025-04-12 10:07