Very special statements from Ripple CEO Brad Garlinghouse about the future of XRP, the SEC lawsuit, and the state of the Cryptocurrency sector!

Ripple CEO Brad Garlinghouse stated that the SEC is on the "wrong side of the law" following a significant settlement in the years-long legal battle over XRP.

In a special interview on Fox Business's The Claman Countdown program, Garlinghouse confirmed that Ripple and SEC staff have reached an agreement to end the lawsuit and that the commission is preparing to vote on the final dismissal decision. As part of the agreement, Ripple will pay the SEC $50 million, which is less than half of the $125 million that the company initially set aside as a potential penalty. Ripple will recover the remaining amount, including earned interest.

Garlinghouse said, "This is a significant step forward" and added: "Gensler's SEC was on the wrong side of the law. Thanks to the new leadership at the SEC and the White House, we are seeing a much more constructive and innovation-friendly stance."

The broader background of the Ripple-SEC agreement is shaped by the changing regulatory climate in Washington. Garlinghouse praised the Trump administration's approach to digital assets and described figures like David Sacks and Paul Atkins as key allies in promoting a crypto-friendly environment.

Garlinghouse said, "President Trump is definitely keeping his promises" and added, "These are people focused on how we can enable this industry to grow in its own backyard with sensible and prudent regulations."

The CEO of Ripple cited stablecoin regulation and a market structure proposal as the two most important regulatory items gaining momentum in Congress. Ripple recently launched a stablecoin under a New York trust license, and Garlinghouse argued that federal clarity would benefit both companies and consumers.

Garlinghouse also introduced the latest major acquisition, one of Ripple's largest crypto purchases to date, reflecting the company's confidence in the US market.

"We couldn't have made this purchase a year ago," said Garlinghouse, citing what he described as a 'coordinated attack' on crypto from various institutions during the Biden administration: "That administration wasn't listening to consumers. It wasn't listening to voters. What we are seeing right now is a complete shift."

Garlinghouse maintained his optimism despite the recent market fluctuations, including price drops following the new tariff announcements. XRP is currently about 5% below its recent highs, and Bitcoin is still trading 2% below pre-tariff levels, Garlinghouse emphasized the importance of having a long-term perspective:

"XRP has been the best performing major cryptocurrency in the last 90 days. We are investing not in what will happen in the next six months, but in where the world will be in three years."