Ripple changes page after SEC fight, eyes $2B secret road deal for DeFi expansion

Ripple is on a daring new path under CEO Brad Garlinghouse after a lengthy legal fight with the SEC. Garlinghouse calmly announced the closure of the crypto industry's long-running debate on Fox Business and described Ripple's ambitious expansion plan in a changing regulatory environment.

Litigation over Ripple's activities ended when Gary Gensler left the SEC. Garlinghouse was honest, saying Gensler had mismanaged the agency. With a new SEC chairman, Ripple may capitalize on regulatory changes. Ripple is using its $2 billion purchase of Hidden Road, one of the sector's biggest, to expand its decentralized finance (DeFi) presence.

The $125 million SEC settlement fine was placed in escrow throughout the lawsuit. Garlinghouse said Ripple would regain these payments and accumulated interest because to the softer regulatory attitude. However, the business will pay $50 million to the SEC and the U.S. government. Ripple may settle these payments in its own cryptocurrency, XRP, in a surprising move. This might mark a new age in crypto businesses' financial compliance with authorities, combining innovation with compliance.#Ripple #BTCRebound #WhaleMovements #TariffsPause #XRP $XRP $BTC $ETH