When Charles Hoskinson and others in the crypto space talk about operating with regulatory clarity today, one name rarely gets the credit it deserves: Ripple.

That is the argument analyst Bradley Kimes made in a recent podcast, and it is starting to cut through as new money flows into crypto and asks the obvious question — how did we get here?

The Fight Most People Have Already Forgotten

The SEC versus Ripple case did not end quietly. It ended after years of litigation, and somewhere between $150 and $200 million was spent by Ripple defending its position. Brad Garlinghouse and Chris Larsen could have walked away earlier. A settlement was available. They chose not to take it.

“Ripple, Brad Garlinghouse, and Chris Larsen could have…