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Ripple’s Big Win: Garlinghouse Takes on the SEC and Trump Gets a Gold Star!

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So, in a riveting episode of The Claman Countdown on Fox Business—because where else would you get your crypto news?—Garlinghouse, the big cheese at Ripple, casually confirmed that they’ve finally wrapped up their little legal tussle with the SEC over XRP. I mean, who knew it would take this long? It’s like waiting for a table at a restaurant that’s always full. The SEC is now gearing up to vote on a final dismissal. Can you believe it? 🎉

And get this: Ripple’s gonna fork over $50 million. That’s right, folks, less than half of the $125 million they had stashed away for penalties. It’s like finding a coupon for a buy-one-get-one-free deal at your favorite deli. The rest, plus interest—because who doesn’t love interest?—is coming back to them. It’s like a refund, but for adults. 💸

“This is a big step forward,” Garlinghouse said, probably while doing a little victory dance. “Gensler’s SEC was on the wrong side of the law.” Wow, bold statement! With new leadership at the SEC and the White House, it seems we’re finally getting a more “constructive” and “pro-innovation” vibe. I mean, who knew politics could be so… refreshing? 😏

Trump Administration Gets a Gold Star from Ripple’s CEO

Garlinghouse didn’t hold back on his love for the Trump administration’s crypto-friendly approach. He even gave a shout-out to David Sacks and Paul Atkins, calling them the “common-sense” heroes of regulation. I mean, common sense in politics? What a concept! 🙄

“President Trump is absolutely delivering on his promises,” Garlinghouse said. I guess that’s one way to look at it. “These are people who want to see this industry thrive here in the U.S.” Well, isn’t that nice? A little optimism never hurt anyone, right?

He also pointed out two major bills making waves in Congress—one about stablecoins and the other about the broader market structure. Ripple just launched a stablecoin under a New York trust license, which is like getting a gold star in crypto school. They’re all about that federal clarity for growth. Who wouldn’t want that? 📈

Ripple’s Latest Acquisition: A Sign of Confidence or Just a Really Expensive Hobby?

In a moment of sheer optimism, Garlinghouse announced that Ripple has snagged one of the largest crypto acquisitions ever. I mean, who doesn’t love a good acquisition story? “We could not have made this purchase a year ago,” he said, probably shaking his head at the past. “There was a coordinated attack on crypto under the previous administration.” Sounds dramatic, doesn’t it? Like a soap opera but with more numbers. 📉

“They weren’t listening to voters or consumers. That’s all changed.” Well, thank goodness for that! It’s like finally getting a decent cup of coffee after years of sludge.

XRP’s Momentum: The Little Engine That Could, Even with Tariff Drama

Garlinghouse acknowledged the recent market dip, thanks to new tariff announcements from President Trump. XRP is down nearly 5% from its recent highs, and Bitcoin is just hanging out 2% below its pre-tariff levels. But hey, he urged investors to keep their eyes on the prize. “XRP has been the best performing major cryptocurrency over the last 90 days,” he said. That’s like being the best player on a losing team. 🏆

“We’re investing in where the world will be in three years—not what happens over the next six months.” Wise words, my friends. Just remember, it’s all about the long game. Or as I like to call it, the “I hope I don’t regret this” game. 😅

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2025-04-13 18:23

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