🚨SCOOP: The @SECGov has asked issuers of $LTC, $XRP, $SOL, $ADA, and $DOGE ETFs to withdraw their 19b-4 filings following the approval of the generic listing standards, which replace the need for those filings. Am told withdrawals could start happening as soon as this week.
‼️ JUST IN: SEPTEMBER 2025 FMSB REPORT FINDS 95% OF CRYPTOCURRENCIES, INCLUDING BITCOIN, LACK UNDERLYING VALUE AND DEPEND ON MARKET SENTIMENT‼️
Documented.📝👇
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.
This is the capital and activity that will tap into XRP and the XRP Ledger’s bread-and-butter – instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.
With this deal and the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.
Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. https://t.co/UYOOyQ21dG
🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon.
My understanding is that the delay in reaching an agreement is due to Ripple's legal team negotiating more favorable terms regarding the August district court ruling, which imposed a $125M fine on the company and included a permanent injunction preventing the company from selling $XRP to institutional investors.
The argument, I’m told, is that if the new SEC leadership is wiping the enforcement slate clean for all previously-targeted crypto firms because it believes regulatory clarity will resolve the underlying issue, why should Ripple still be penalized? Accepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing — but now the SEC itself is seemingly unsure whether any wrongdoing occurred.
There’s no real playbook for this kind of thing which could explain why this case is taking longer to resolve than the rest. Stay tuned.
This would be a great time to get Brad, David or Monica on @patrickbetdavid . He seems like he wants to do an honest job of covering the crypto space.
This could introduce a new audience to XRP and be the biggest podcast he does this year.
Please retweet 🔥🔥🔥
This would be a great time to get Brad, David or Monica on @patrickbetdavid . He seems like he wants to do an honest job of covering the crypto space.
This could introduce a new audience to XRP and be the biggest podcast he does this year.
Please retweet 🔥🔥🔥
Some weeks feel like months in crypto...this was one of them. From the @WhiteHouse Crypto Summit to the @CFTC CEO Roundtable and the sheer amount of news announced (hooray for @NatCryptoAssoc!), it’s been quite a few days.
There’s been a lot of talk about what this White House has and will prioritize with their crypto agenda - most importantly, regulatory clarity through Congressional action, as well as a BTC reserve & crypto stockpile, support for stablecoin innovation backed by US Treasuries, and more.
I was extremely pleased to see the incredible support from this administration.
It’s easy to get lost in some of the maxi-induced noise, but there’s so much more to this industry than the infighting and one coin versus another time-wasting rhetoric.
We will – as we’ve always done -- continue to champion the need for a level playing field (and it was great to hear others in the room echo this as well!) and for the industry to come together to move much needed legislation forward in the US.
An incredible THANK YOU to @realdonaldtrump for opening and welcoming us to the White House (amazing contrast to the the hostility of the Biden administration), @davidsacks47 and @BoHines for a truly historic Summit, and @carolinedpham for hosting us at the CFTC!
Ripple is proud to support the launch of the National Cryptocurrency Association (@NatCryptoAssoc).
Over the last few years, crypto has catapulted to the mainstream. Today, 55 million Americans hold and use crypto, and many more are curious – where, when and how can I use this tech in my life?
The National Cryptocurrency Association – a chain-agnostic, non-political, non-profit – is here to help by educating and raising awareness of all the utility that crypto technologies are bringing to real people, everyday.
(The NCA is independent of Ripple, but we are proud to support)
Learn more below:
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.
The message from the market is clear – institutional interest in XRP products is stronger than ever. @bitwise, @CanaryFunds, and @21Shares (just this morning!) filed S-1s for XRP ETFs while @Grayscale launched an XRP Trust and filed to convert its multi-asset fund, including XRP, into an ETF.
The SEC’s war on crypto has lost battle after battle - their continued disregard for the court’s authority will further erode the SEC’s credibility and reputation.