Ripple recently announced that it had finalized its settlement with the US Securities and Exchange Commission, with approvals only remaining to complete formalities. In a recent statement, Ripple boss Brad Garlinghouse has hinted that the company could pay the $50 million leveled in XRP.
Garlinghouse noted that a tide is turning in Washington, noting the arrival of the new sec boss. While crypto and XRP have managed to remain sweethearts among Americans, the escalating trade war has shaved off the token’s gains.
Ripple boss hints at paying fine with XRP
In an interview with Fox Business, Brad Garlinghouse stated that the US government is going to end up with $50 million. He also mentioned talking about making that payment in XRP. This statement comes after US President Donald Trump announced that XRP, along with Solana (SOL) and Cardano (ADA) would be included in a newly formed crypto strategic reserve.
The SEC has already decided to drop its appeal without any conditions while Ripple agreed to put down its cross-appeal. The commission will be keeping $50 million of the $125 million fine and the balance will be returned to the defendants.
US regulators are finally softening up, institutions are no longer frozen out, and crypto has gone from villain to hedge fund’s favorite. “We’ve gone from headwinds to tailwinds,” Garlinghouse said.
Brad Garlinghouse also took his shot at predicting Bitcoin’s price, saying he thinks that $200,000 is not unreasonable. However, he didn’t hype up XRP, saying that it’s “too close to home.”