Garlinghouse confirms the end of the SEC shop, eyes future growth

Ripple CEO Brad Garlinghouse recently spoke about the end of the legal fight of XRP, since the new SEC chairman has been officially appointed in a Interview with FOX Business. He emphasized the recent shift in the crypto attitude of the US government and also noticed a crucial area that still needs clarification.

In the interview, Garlinghouse discussed the conclusion of the Ripple SEC case and the future of Crypto instructions in the US.

Ripple’s recent acquisition of Hidden Road for $ 2 billion was also discussed, which is considered one of the greatest acquisitions in the history of Crypto. He also noted that this acquisition would not make sense a year earlier because of the hostility of the regulator against Crypto. However, he shared that the situation has now changed and that Ripple is passing the war war, because it enters the next phase of the market.

Ripple had already set $ 125 million aside for a potential sec fine. But as the situation has changed drastically, Ripple recalls most of the money with the earned interest. Now the agency has agreed to drop the profession and to eliminate the permanent order.

The SEC and the US still receive $ 50 million each, and Ripple is currently in discussions to make those payments in XRP instead of US dollars. This has fueled enormous speculation in the community or XRP could be added to the American digital assets stock.

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Shall we hold XRP in its digital assets stock?

Under an initiative under the leadership of Trump, the US government is building a crypto reserve that currently owns $ 16 billion in crypto assets such as Bitcoin, Ether, USDT and BNB, although there is not yet XRP. In particular, the government will only accept crypto assets of civil or criminal forfeiture. Therefore, if Ripple pays his fine in XRP, it could finally get a place in the growing stock of the government of digital assets.

The fine of $ 50 million in SEC in XRP could be around 24.63 million coins at a current price of $ 2.03 each. However, the settlement still needs sec-approval with the commissioners who have been established to vote during a meeting with a closed door. It is still to be seen whether the US will accept the fine in XRP and its broader implications for the market.