XRP News Today: Bullish Run Takes XRP to April High on ETF and SEC Deal Hopes
He also discussed the recent acquisition of prime broker Hidden Road, saying he would not have made the acquisition a year ago, adding:
“The SEC and the United States, even other parts of the Biden administration, it was a coordinated attack across many different agencies.”
The Ripple CEO referred to the IRS’s DeFi broker rule and Staff Accounting Bulletin (SAB) 121, which required banks to record crypto assets on their balance sheets even when holding them in customer custody. Both rules have since been voted out, underscoring the Trump administration’s pro-crypto stance.
He further addressed a potential US XRP-spot ETF, calling it “long overdue” and a step toward safer, more institutional market participation.
