Brad Garlinghouse (@bgarlinghouse) on X (original) (raw)

Brad Garlinghouse

Brad Garlinghouse

CEO at Ripple

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  This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let's build.
  
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  This just in…we have final approval from
  @NYDFS
  for
  $RLUSD
  ! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from
  @Ripple
  first.
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  We said in Dec 2020 that we were on the right side of the law, and will be on the right side of history. Thankful to everyone who helped us get to today’s decision – one that is for all crypto innovation in the US. More to come.
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  The most important part of this ruling: “XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.” This is a now a matter of law (not up for trial.)
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  Today,
  @Ripple
  announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted
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  Some thoughts on maximalism… let me say this as clearly as I can – the crypto industry has a real shot, here and now, to achieve the many goals we have in common, IF we work together instead of tearing each other down. This is not, and never will be, a zero-sum game. • I own
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  I feel so lucky for so many reasons -- and marrying Tara this past weekend takes the cake! This next chapter of life is so much sweeter with you. ❤️
  
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  Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.
  
  With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime,
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  2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved. Today: ✅75% of Ripple’s open roles are now US-based, while
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  Still riding high from all the Inauguration events in DC this weekend! From the Crypto Ball, to the VP dinner, to the POTUS dinner, to sitting in the Capitol yesterday - there’s palpable excitement for all the good that’s possible leveraging crypto and blockchain… here in the
  
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  This Thanksgiving, I'm thankful for...
  
  On January 20, 2025 I will be stepping down as
  @SECGov
  Chair. A thread 🧵⬇️
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  The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company. This is a victory for Ripple, the industry and the rule of law. The SEC’s

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