Ripple (XRP) Price Soars After Settlement With Regulators, CEO Thanks Trump!

Jakarta, Pintu News – Ripple XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply- has been the best performing cryptocurrency among the major cryptocurrencies over the past 90 days.

Ripple’s CEO, Brad Garlinghouse, announced that this price increase came alongside an agreement to pay a $50 million fine to the US Securities and Exchange Commission (SEC) as part of a lawsuit settlement.

The lawsuit stems from the SEC’s December 2020 charge that Ripple sold XRP as an unregistered security.

Check out the full news below!

The Deal with the SEC and Its Impact

In 2023, Ripple secured a partial victory in court stating that institutional sales were legal, but sales of XRP on public exchanges violated securities laws.

Ripple initially set up $125 million in escrow for potential fines. “We actually took most of it back, including interest that had been earned,” Garlinghouse said in an interview with Fox Business.

This shows that the SEC under Gary Gensler’s leadership was previously on the wrong side of the law. Support for the Trump administration also played a role in the regulator’s change of attitude.

Ripple reportedly donated millions of dollars to Donald Trump’s presidential campaign and at least $5 million in XRP tokens for the inauguration on January 20. The SEC under the Trump administration subsequently halted various suits and investigations into crypto companies, which Trump allies saw as a step towards a more transparent regulatory framework.

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Ripple’s Expansion and Biggest Acquisition

With the regulatory cloud lifting, Ripple plans to expand its business. Recently, the company completed its largest acquisition by buying prime broker Hidden Road for $1.25 billion.

Garlinghouse emphasized that a move like this “wouldn’t have made sense a year ago” under a perceived hostile regulatory environment. “It allows large institutions like BlackRock and the largest Wall Street financial institutions to come into this market in a way that they understand,” he explained.

The acquisition of Hidden Road increases Ripple’s headcount to around 1,100 people. Garlinghouse noted that over the years, the company has been forced to focus on hiring outside the United States due to regulatory uncertainty. “As a US citizen, I want to hire people here. We have some of the best talent in the world here,” he said.

Also read: Why Avalanche is Said to Revolutionize Traditional Finance? Here’s What Crypto Experts Say!

Product Development and Bitcoin Price Predictions

Ripple recently enhanced its product offering by launching a stablecoin with a trust license from the New York Department of Financial Services. Garlinghouse expects regulatory clarity to continue to improve, especially in stablecoin legislation and market structure bills.

He believes that federal stablecoin legislation will move forward “sooner rather than later.” Regarding Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- price predictions, Garlinghouse suggested that $200,000 by the end of the year is “not unreasonable.”

This is slightly higher than the previous estimate of $175,000. He attributes his bullish view to the change in regulatory approach in the US: “People are underestimating how the biggest economy in the world, the US, is moving from a drag to a support.”

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. XRP Settles with SEC, XRP Price Rallies, CEO Optimistic. Accessed on April 14, 2025
• Featured Image: Crypto Rank