Ripple CEO Says Epstein File Release Shows ‘They Were Afraid Of Us’

bitcoinistPublished on 2026-03-09Last updated on 2026-03-09

Abstract

Ripple CEO Brad Garlinghouse, citing newly released Epstein documents, claims that early industry players were "afraid" of Ripple due to its advanced technology. He referenced a 2014 email from Blockstream co-founder Austin Hill, which criticized investor support for Ripple and Stellar, urging recipients to withdraw allocations. Garlinghouse interprets this as validation of co-founder Chris Larsen's long-held concerns about coordinated opposition. The documents do not show direct Epstein involvement against Ripple but highlight early power struggles in crypto. They also renew scrutiny of Epstein's ties to crypto investors and institutions. Garlinghouse argues this reveals influential figures sought to suppress Ripple, though the files do not prove regulatory coordination. XRP traded at $1.34 at press time.

A resurfaced clip from Ripple CEO Brad Garlinghouse’s appearance at XRP Australia Sydney 2026 is drawing fresh attention after he linked Ripple’s early battles to material in the latest Epstein document release. The comment matters because it reframes Ripple’s long-running grievance in Washington and in crypto itself as something deeper than routine rivalry: a sign, Garlinghouse suggested, that parts of the industry saw Ripple as a real threat.

Speaking on stage in Sydney on Feb. 27, Garlinghouse said Ripple co-founder Chris Larsen had long sounded “a little conspiratorial” about the forces lining up against the company. Then he added:

“Now that we have seen the public Epstein files, you’re like, holy shit, he’s kind of right. And what’s interesting about it, they were afraid of us. They were afraid of us because the technology was ahead of its time and it was a threat. And they were trying to do things to put pressure on it. And again, I don’t think I totally appreciated in the earliest days how prescient some of Chris’s concerns were about that stuff. But in retrospect, it was.”

The Connection Between Ripple And Epstein

The video is only now circulating widely in XRP circles, but the backdrop is the Justice Department’s Jan. 30 release of more than 3 million additional pages under the Epstein Files Transparency Act.

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What, exactly, is the Ripple connection? Not a disclosed business partnership with Epstein, and not evidence that Epstein directed action against Ripple. The link comes from a 2014 email that surfaced in the file dump. Austin Hill, then a Blockstream co-founder, emailed Jeffrey Epstein and Joichi Ito, with Reid Hoffman copied, to complain about investor support for Ripple and Stellar. The email framed those rival projects as harmful to the Bitcoin-focused ecosystem Blockstream was trying to build and pushed recipients to reconsider their allocations.

That distinction is crucial. Ripple appears in the documents because it was part of an early power struggle over which crypto networks and companies would win capital, talent and legitimacy. In one quoted passage from the 2014 correspondence, Hill wrote: “Ripple, and Jed’s new Stellar are bad for the ecosystem we are building, and it does our company damage to have investors who are backing two horses in the same race.” He then reportedly urged investors to “reduce or take your allocation away,” effectively forcing a choice.

The context around Epstein’s presence on that chain is also more mundane, if no less uncomfortable for the industry. Fortune reported that emails in the DOJ release show Epstein had exposure to Blockstream through a fund associated with former MIT Media Lab director Joi Ito, while the broader file dump has renewed scrutiny of Epstein’s ties to early crypto investors, Bitcoin development circles and MIT-linked networks.

That helps explain Garlinghouse’s argument. His point was not that Epstein personally ran an anti-Ripple operation. It was that the newly public records seem to validate a long-held suspicion inside Ripple: that influential figures in the early Bitcoin orbit treated Ripple as something to be boxed out, not merely debated. Still, the released documentation stops well short of proving coordination with regulators or a hidden hand behind the SEC’s later case against Ripple.

At press time, XRP traded at $1.34.

XRP remains below the 200-week EMA, 1-week chart | Source: XRPUSDT on TradingView.com

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Related Questions

QWhat did Ripple CEO Brad Garlinghouse claim about the Epstein files in relation to Ripple?

ABrad Garlinghouse claimed that the released Epstein files validated Ripple's long-held suspicion that influential figures in the industry saw Ripple's technology as a threat and were actively trying to suppress it, making co-founder Chris Larsen's earlier concerns appear prescient.

QHow is Ripple connected to the Epstein documents according to the article?

AThe connection comes from a 2014 email in the documents where Blockstream co-founder Austin Hill complained to Jeffrey Epstein and others about investor support for Ripple and Stellar, urging them to withdraw investments as he viewed these projects as harmful to Bitcoin's ecosystem.

QWhat specific action did Austin Hill propose regarding Ripple and Stellar in the revealed email?

AAustin Hill urged investors to 'reduce or take your allocation away' from Ripple and Stellar, effectively forcing them to choose between supporting these projects or the Bitcoin-focused ecosystem Blockstream was building.

QDoes the article suggest Jeffrey Epstein directly targeted Ripple?

ANo, the article clarifies there is no evidence of a direct business partnership with Epstein or that he directed action against Ripple. The connection is through email correspondence showing industry figures discussing Ripple as a competitive threat.

QWhat was the price of XRP at the time the article was published?

AAt press time, XRP traded at $1.34.

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