Ripple CEO Brad Garlinghouse has revealed that the company is in talks with the U.S. Securities and Exchange Commission (SEC) about settling their legal dispute, possibly with a payment in XRP.
In an interview with Fox Business on April 11, Garlinghouse described the discussions as a “breakthrough moment” for Ripple, marking a shift in the regulatory environment for digital assets in the U.S.
Garlinghouse stated that Ripple may pay the SEC a reduced fine of $50 million, and he even suggested that this amount could be paid in XRP. Originally, Ripple had set aside $125 million in escrow, but the company will retain the majority of those funds under the settlement terms.
The settlement is still awaiting approval from SEC commissioners, but Garlinghouse sees this as a positive sign of change. He pointed to a shift in leadership at the SEC and the White House as a factor in creating a more supportive environment for blockchain and cryptocurrency companies.
He emphasized that this change could not have happened under the previous administration, and he believes Ripple is now well-positioned for growth within a more stable and innovation-friendly framework.
In addition to discussing Ripple’s legal situation, Garlinghouse shared his outlook for the broader crypto market. While he refrained from making predictions about XRP’s future, he did offer a bold forecast for bitcoin.
Garlinghouse believes that bitcoin could reach $200,000, stating that the market is still underestimating the impact of recent institutional and regulatory changes. He referenced a similar prediction by Cardano founder Charles Hoskinson, who suggested that bitcoin could hit $250,000 in the next year or two.
Garlinghouse’s comments reflect growing optimism in the crypto space as regulatory support strengthens, and the CEO’s bold outlook points to potential explosive growth in the market.
Follow on Google News
Leave a comment