🚀 Excited to take our collaboration with @Ripple to the next level! This expansion allows us to leverage proven and trusted technology that meets the highest security and operational standards, so BBVA can directly provide an end-to-end custody service to its customers. 🌐
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.
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 over the last 4 years, the vast majority of hires were outside the US
✅We signed more US deals in the last six weeks of 2024 (since the election) than the previous six MONTHS
Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again – through his campaign, and in the Administration’s day 1 priorities.
2024 has been an incredible year of milestones, collaboration, and innovation.
Wishing our customers, partners and the crypto community a wonderful holiday season and a prosperous 2025! ✨
- the Ripple team
Huge congrats to @DavidSacks on this appointment – he understands tech inside and out, and importantly, will push forward President Trump’s crypto and AI pro-innovation plans.
Dream team!
THE RETURN OF XRP
With XRP overtaking SOL, above $2, and approaching a $120B market cap, allow me to reflect.
When I sued the SEC, people assumed I was a huge XRP holder. The truth is, when the @Ripple case was filed, 50% of my net worth was in BTC. Today, it’s 80%. I also had 4X more in ETH than XRP. In sum, XRP was a very small investment.
I sued the SEC b/c what it did was wrong. I’m not talking about Ripple. The SEC sues lots of companies. I’m talking about the absurd allegation that XRP itself was illegal, including if acquired by USERS of the XRPL or by people who’d never heard of @bgarlinghouse, @chrislarsensf or Ripple.
There were people being paid in XRP. Companies like @Spend_The_Bits and @TapJets used XRP in business applications. There were XRP debit cards. Thousands of people
opened a trust line with the XRPL just to send 💰 to others in seconds and for a fraction of a penny.
FACTS:
In 2014, the @USGAO declared XRP a “virtual currency utilized in a decentralized payment protocol called Ripple.”
In 2015, FinCEN declared XRP a virtual currency and told Ripple it must comply with Banking laws. The SEC was provided the details of the settlement and never said a word.
On June 13, 2018, SEC enforcement lawyers ✍️ a report on whether XRP was a security under Howey. SEC lawyers DID NOT recommend enforcement.
@bgarlinghouse met with Hinman and Clayton multiple times and Garlinghosue complained that XRP and Ripple were living in purgatory b/c BTC and ETH were given clarity in Hinman’s speech but not XRP. Not once did they inform Ripple it was because XRP was a security.
In the 2019 FSOC Annual Report, signed by Clayton, XRP, along with BTC, ETH and LTC, were described as virtual currencies gaining in market share.
In January 2019, Coinbase met with the SEC, specifically regarding XRP, and notified the SEC that Coinbase had run XRP through its digital assets framework, and some of the best, most experienced securities lawyers in the world had determined XRP NOT a security. But Coinbase would defer to the SEC b/c Coinbase wanted to soon go public and wanted to make sure the SEC was in agreement over XRP. The SEC allowed Coinbase to list XRP in February 2019 and Coinbase began marketing the utility of XRP much more aggressively than Ripple had ever done. In 2019, if you opened up the Coinbase app, you saw the below page.👇
In June 2019, @MoneyGram filed paperwork with the SEC disclosing MoneyGram would be using XRP in its cross border payments business. The SEC knew MoneyGram was selling XRP on Coinbase to the general public. Yet, did nothing.
Also, the U.K., Japan, Singapore, Switzerland and the UAE had declared XRP a non-security token.
Yet, despite the above, the SEC, on December 22, 2020, claimed ALL XRP were illegal.
I sued the SEC b/c gross government overreach is gross government overreach even if it’s 🆚 a company you don’t like. Many turned a blind eye b/c they didn’t like Ripple. To me, it’s like free speech. You have to protect the speech you don’t like. If you don’t, eventually the government may unjustly come after speech or a company you do support.
Plus, even if you’re not a fan of Ripple, when you learn the facts surrounding the filing of the Ripple case, it is impossible to credibly say that everything was on the up and up. In fact, it was down right shameful. Disagree? Read the Joe Grundfest letter that I had to threaten the SEC with a second FOIA lawsuit to acquire. 👇
https://t.co/z6RCkSJinE
Although I didn’t own much XRP at the time, when 75K XRP holders joined me and XRP plummeted, I bought more and more. I did so because it felt like it’s what I needed to do to truly be invested in the fight agaisnt the SEC. I may have done all the legal work for free but sometimes you get paid in other ways.
Whether you hate XRP or believe it’s a shit coin (and I have friends who do), I’m thrilled for the XRP holders who’ve held this entire time. They’ve went from purgatory to hell and back.🫡