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 XRP, BTC, and ETH among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field, instead of one token versus another.
• If a govt digital asset reserve is created - I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else).
• Maximalism remains the enemy of crypto progress, and I’m very glad to see fewer and fewer folks ascribe to this outdated and misinformed thinking.
~180 currencies on Earth. Link every pair directly and you need 16,110 corridors, each with its own liquidity.
Route them through one neutral asset and you need 180.
That's $XRP's job: no issuer, 3–5s settlement, bridging payments since 2018.
https://t.co/DF8vEDewh7
The media never mention $XRP.
So I went to the New York Stock Exchange, the heart of world finance, to tell everyone about it.
And reveal my $1,000 $XRP price target for the first time.
Here’s the full interview in case you missed it.
Your periodic service announcement:
🚨 THERE IS NO XAMAN AIRDROP
🚨 THERE IS NO SOCIAL SUPPORT
🚨 THERE IS NO XAMAN FOUNDATION
🚨 THERE IS NO XAMAN TOKEN
We do only two things and we do it well:
1. ✅ Super safe Xaman app you can only get from the official 🤖 Google and 🍏 Apple store
2. ✅ In-app support. ONLY IN-APP!!
All 9 Democrats running for re-election this November voted NO on the Clarity Act. Every single one. This is the bill that would have given crypto — including $XRP — a clear legal framework. Remember these names in November.
1/ This one stings. Our team gave everything we had to get the Clarity Act across the finish line. So did most of the industry. This was an opportunity bigger than Ripple or one company - we did this for the industry, for consumers and to cement the US’s position as the crypto capital of the world and as a leader in the future of finance. Ultimately, consumers and U.S. competitiveness got left behind.
2/ A post mortem needs to be done on why this failed (more from me on that in the days ahead). The politics of the democrats (the anti-crypto army) was elevated over good policy.
3/ There is still reason for optimism for crypto in the United States. Now, the SEC, under Chair Atkins, and the CFTC, under Chair Selig, will continue to work hard to issue rules to fill the legislative gap and we will continue to be actively engaged in that rule making process.
4/ Ripple's business has never been stronger — real demand across traditional finance and the digital asset ecosystem. A missed vote in Washington doesn't change our momentum, our global footprint, or our customers.
XRP’s Centralization Debate Took a Major Hit
Asset manager, 21Shares, has challenged one of the longest-running criticisms surrounding ripple:native and Ripple’s relationship with the XRP Ledger.
The asset manager says Ripple operates only one validator among roughly 35 on the default trusted list. XRP Ledger has more than 150 validators in total as per its documentation.
For protocol changes, a minimum of 80% of the validators need to agree, which further reduces the control of Ripple.
According to 21Shares, Ripple’s dominance does not equate to control over transaction validation.
No August doldrums in DC this week! It was great to join the inaugural @CFTC Innovation Advisory Committee (a group I've called "the Olympic roster of crypto.") But for a “crypto” gathering, there were a LOT of TradFi players in the room like @NASDAQ, @CMEGroup, @CBOE, @OptionsClearing, @NYSE, @The_DTCC (alphabet soup!)
Everyone was in agreement. Rules written for a different era aren’t good enough. Not for consumers. Not for business. Not for innovation.
I made this case in an open letter to Congress back in 2019. Seven years later, we STILL need clear rules…. Thanks to the Trump administration, appointees like @ChairmanSelig, and a myriad of bold leaders in Congress, we’ve never been closer.
https://t.co/PS1W516Xk5
Institutional-grade credit is coming to the XRP Ledger (XRPL).
@Cicadacredit brings credit expertise and a borrower pipeline, powered by @ClearpoolFin infrastructure built on the XRPL Lending Protocol and Single Asset Vault.
Cicada has the full story on how it works 👇
David @JoelKatz is 100% on 🎯
Previous to the @Ripple lawsuit by the @SECGov, Jay Calyton was interviewed with Joe Grundfest. Jay Clayton stated that sometimes it’s smart to sue the individual executives of a company, even in non-fraud enforcement actions.
Grundfest stated that doing so is risky because it increases the burden of proof on the government. Clayton literally stated that it’s worth the risk because it gives the government settlement leverage over the company.
In other words, it’s an intimidation tactic. Intimidate and scare the individual executives and it will likely force a quicker settlement.
I realize @bgarlinghouse and @chrislarsensf are wealthy individuals but when the full weight and force of the United States Government comes after you, I don’t care who you are - it can be quite intimidating.
And that’s why Clayton did it. I have no doubt that it wasn’t a great experience for Garlinghouse and Larsen to sit down and inform their kids that the U.S. Government was suing Dad. As a dad myself, I can only imagine.
Don’t forget, despite the government not alleging fraud in the Ripple case, the prosecutors wrote the complaint in a fraud-like manner to cause even more pressure and to try and control the narrative.
Let’s also remember, in the early stages of the case, the ethically-challenged prosecutors (e.g., Jorge Tenreiro) attempted to subpoena every credit card and bank statement of Brad Garlinghouse, Chris Larsen, including their wives and family members, despite Ripple, Brad and Chris, having already turned over EVERY XRP transaction EVER made.
The judge, rightfully so, shut that intimidation tactic down.
Also, don’t forget, these were the same ethically-challenged SEC lawyers who an appellate court described as arbitrary and capricious as well as sanctioned SEC lawyers in the Debt Box case for perpetuating a fraud upon the court.
It was the same ethically-challenged SEC enforcement lawyers who lied, claiming I threatened to beat up SEC staff and asked the Court to bar me from participating as amicus counsel on behalf of 75K XRP Holders - who they also attacked.
Great thing Garlinghouse and Larsen gave the SEC 🖕 and didn’t give in to the intimidation tactics, essentially winning the case, with a little help from 75K XRP Holders. 🫡
What makes $XRP unique?
@bgarlinghouse answers in under a minute.⏱️
4 billion transactions.
3–5 second settlements.
Less than a penny each.
A community that never stopped believing.
A special edition of C̶r̶y̶p̶t̶o̶ ̶I̶n̶ ̶O̶n̶e̶ ̶M̶i̶n̶u̶t̶e̶ $XRP In One Minute starts now.
The Clarity Act is the single most important catalyst for the crypto asset space.💯
What is taking place in this room is historic for the entire asset class.🌐
The rules of the road are being established.📝
Trillions of dollars patiently waiting on the sidelines are watching this moment unfold.💰
Utility tokens will finally rise to dominance as a result of regulatory clarity.☝️
This is the moment holders of infrastructure protocol tokens have been waiting years for.🔑
And I feel nothing but honor and privilege watching all of this unfold in real time.
The financial system doesn’t change because prices move.
The system changes when rules are written to allow new technology to be introduced.🔒
#InsideTheRoom💨
🚨 HUGE WIN FOR CRYPTO!
U.S. Senate Banking Committee just PASSED the Clarity Act 15-9!
This bill is heading to the full Senate - regulatory clarity is finally here.
Bullish for $BTC, $XRP & the entire market?
Ondo, Kinexys by @jpmorgan, @Mastercard, & @Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with interbank settlement rails.
This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.
1. Ondo processed Ripple’s OUSG redemption on XRP Ledger
2. Mastercard's Multi-Token Network routed instructions to Kinexys by J.P. Morgan
3. J.P. Morgan delivered USD to Ripple's Singapore bank account
Tokenized assets are no longer separate from the global financial system. For the first time, a public blockchain and global banking infrastructure settled a cross-border transaction of a tokenized fund together in real time.
Together, we’re laying the groundwork for 24/7 global markets that never close.
🚨 COINBASE'S DIRTY SECRET IS OUT
Ripple's own CTO @JoelKatz hinted at it in a "hypothetical." Justin Sun confirmed it. Andre Cronje screamed it from the rooftops.
Coinbase tells the world "listings are FREE"
Meanwhile founders allege they were quoted:
> $80M in TRX + $250M BTC deposit, Justin Sun / TRON
> $30M → $300M → $60M, Andre Cronje / Sonic Labs
> $1M–$5M per exchange to list $XRP in 2017 per SEC filings
Brian Armstrong says it's free. Founders say otherwise.
The SEC spent years going after Ripple while Coinbase was allegedly running a pay-to-play tollbooth for the entire crypto industry.
Ripple didn't bow. $XRP survived.
Now it's back on Coinbase.
Who won? 👇