Ripple CEO Brad Garlinghouse made a statement today at the $XRP Sydney 2026 event in Australia that shook the cryptocurrency world.
Garlinghouse claims that former SEC Chairman Gary Gensler met with him privately at the White House and said, “I’m sorry… I was wrong.”
Speaking at the event, Garlinghouse described the event as a “big surprise.” The Ripple CEO stated that after years of legal battle, “utility had won,” adding:
“This long journey was worth it. If we stick to our course and focus on usability, the road ahead is incredibly bright.”
The announcement generated great excitement within the $XRP community. Gensler is known to have faced intense criticism for years due to the securities lawsuit he initiated against Ripple in 2020. Garlinghouse’s words are being interpreted as a sign of a possible shift in attitude within regulatory circles.
The lawsuit filed in 2020 sent shockwaves through the cryptocurrency market, causing a significant drop in the price of $XRP. Following the resignation of SEC Chairman Gary Gensler, the institution’s stance towards cryptocurrencies underwent a major transformation.
*This is not investment advice.