Former SEC Chair Made Shocking Revelation to Ripple’s CEO During White House Meet

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

Abstract

Former SEC Chair Gary Gensler privately apologized to Ripple CEO Brad Garlinghouse during a White House meeting on digital asset policy in late 2024, admitting he was wrong about XRP and praising Ripple’s work. This marked a significant shift after a four-year legal battle where the SEC sued Ripple for an unregistered securities offering involving XRP. Although the case created regulatory uncertainty and led to exchange delistings, Ripple secured a partial victory in 2023 when a judge ruled XRP was not a security on public markets. Gensler, who resigned in early 2025, had been a controversial figure in crypto for his aggressive enforcement approach. His apology validates Ripple’s stance and suggests a potential change in how Washington may engage with crypto.

XRP Australia 2026 turned into an unexpected window into Washington’s inner workings when Ripple CEO Brad Garlinghouse revealed that former SEC Chair Gary Gensler had privately apologized and admitted, during a high‐level White House meeting, that he had been wrong about XRP. The revelation marks an unbelievable shift in tone after years of aggressive SEC enforcement and a bruising legal battle against Ripple.

Related Reading: XRP Ledger Positioned For Real World Asset Explosion As Securitize Teases $400-T Market

The Room Where It Happened

Ripple CEO Brad Garlinghouse could hardly believe it himself as he recounted to a stunned audience the encounter he had with former SEC Chair Gary Gensler near the end of 2024 at the White House, during a meeting on digital asset policy, just after the SEC–Ripple legal battle had finally wrapped up. According to Garlinghouse’s account, Gensler approached him in private after the session ended: “He comes up to me and he says sorry,” Garlinghouse recalled, laughing, still visibly astonished:

“I’m sorry, I was wrong, and you guys have done an incredible job”

How the SEC vs Ripple Battle Defined XRP

The four-year legal battle between the SEC and Ripple began in December 2020, when the U.S. Securities and Exchange Commission sued Ripple for allegedly raising $1.3 billion through an unregistered securities offering tied to XRP, framing XRP itself as an investment contract. This resulted in many exchanges delisting XRP, putting the token under a huge regulatory cloud for years and the Ripple vs. SEC case becoming a symbol for the entire crypto market.

However, in 2023, Ripple achieved a very important partial victory, when a judge ruled that, despise some issues with certain institutional sales, XRP was not a security when sold on public markets.

More Than An Apology

Gensler, who stepped down from his role as SEC Chair in early 2025, became the face of the enemy for many in crypto as he pushed an aggressive “regulation by enforcement” strategy against digital asset projects, with Garlinghouse himself previously labeling him a “political liability” and an “autocrat”.

Related Reading: XRP’s Macro Plan Hasn’t Changed, And This Target Remains Valid

Therefore, his brief apology to Garlinghouse behind closed doors carries immense weight: it not only validates Ripple’s narrative that the SEC overreached but also hints at a broader shift in how Washington may choose to engage with XRP and the wider crypto industry going forward.

XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview

Cover image from ChatGPT, XRPUSD on TradingView

Why Bitcoin Seasonality Failed: Inside BTC’s Structural Breakdown In February 2026

Bitcoin is consolidating between $62,000 and $69,000 amid geopolitical uncertainty, showing hesitant price action. February 2026 broke historical seasonality with a 14.94% decline, driven by structural weaknesses rather than a single event. Key factors included thin liquidity, leverage imbalances in derivatives, and weak spot demand. On-chain metrics like SOPR below 1 and flattened Realized Cap indicated underlying stress. A mid-month leverage cascade triggered liquidations, accelerating the drop in a low-liquidity environment. Despite extreme fear in sentiment, the absence of sustained spot demand and stablecoin growth limited rebounds to short-covering rallies. Macro conditions treated Bitcoin as a risk asset, reinforcing fragility. A recovery requires consistent spot inflows and disciplined rebuilding of open interest.

bitcoinist11m ago

Why Bitcoin Seasonality Failed: Inside BTC’s Structural Breakdown In February 2026

bitcoinist11m ago

Deciphering the Dispute Between Anthropic and the War Department: What Does Trump Intend?

The article reflects on the decline of the American republic, drawing a metaphor between the gradual process of death—observed during the author’s father’s passing—and the slow erosion of democratic institutions. It examines the recent conflict between AI company Anthropic and the U.S. Department of War (DoW) as a symptom of this decay. Under both Biden and Trump administrations, Anthropic’s Claude AI was approved for use in classified environments, subject to two policy restrictions: no mass surveillance of Americans and no use in fully autonomous lethal weapons. The Trump administration later reversed its stance, opposing the idea of a private company imposing policy limits on military technology and threatening to designate Anthropic a "supply chain risk"—a move typically reserved for foreign-adversary companies. The author argues that this response reflects a broader breakdown in governance: the increased use of arbitrary state power, the decline of legislative process, and the erosion of property rights and predictable rule-of-law order. The confrontation raises fundamental questions about who should control advanced AI—private actors, the state, or yet-to-be-defined public mechanisms. While not causing institutional decline, the episode signals deeper dysfunction: the state’s willingness to coerce private entities and the blurring line between democratic oversight and government overreach. The author warns against equating "democratic control" with "government control" and calls for vigilance to protect civil liberties as AI and governance continue to evolve.

marsbit36m ago

Deciphering the Dispute Between Anthropic and the War Department: What Does Trump Intend?

marsbit36m ago

Decred [DCR] price prediction – How the $28-demand zone came into the picture

Decred (DCR) has declined by 10% in 24 hours, testing a key support level at $28 after facing rejection near $34.40. On-chain metrics are mostly neutral, with no strong momentum in either direction and a drop in network transactions. However, Spot Taker data suggests increasing buyer dominance and a rise in long positions. The market is at a technical crossroads: if the $28 support holds, a short-term rebound is possible; if it breaks, selling pressure may accelerate. Despite mixed signals, fading selling pressure and growing buyer interest increase the likelihood of a bullish reversal.

ambcrypto42m ago

Decred [DCR] price prediction – How the $28-demand zone came into the picture

ambcrypto42m ago

Ethereum Price Eyes $2,120 Breakout After Reclaiming $2,000

Ethereum's price has established a base and successfully reclaimed the $2,000 level, rallying past key resistances at $1,960 and $2,050 to reach a high of $2,089. Following a minor correction, ETH is now trading above $1,960 and the 100-hourly Simple Moving Average, with a bullish channel forming on the hourly chart. Key resistance levels are at $2,080 and $2,120; a break above the latter could propel the price toward $2,155 and potentially $2,220–$2,250. If it fails to surpass $2,080, a decline may occur, with initial support at $1,990, followed by major support at $1,960. A break below $1,960 could lead to further losses toward $1,930 or even $1,840.

TheNewsCrypto1h ago

Ethereum Price Eyes $2,120 Breakout After Reclaiming $2,000

TheNewsCrypto1h ago

During the Weekend Market Closure, Hyperliquid Predicted the Gold Reopening Price More Accurately Than Binance

During a weekend of heightened geopolitical risk when COMEX was closed, Hyperliquid and Binance continued trading gold and silver perpetual contracts. A comparative analysis of their pricing behavior revealed that Hyperliquid moved earlier and priced the risk more aggressively, maintaining a persistent premium over Binance throughout the weekend. The median cross-exchange premium for gold and silver on Hyperliquid was 75 and 78 basis points, respectively. When COMEX reopened, Hyperliquid’s prices were significantly closer to the reopening price—within 22 bps for gold and 31 bps for silver—suggesting more accurate price discovery. Although Binance dominated in absolute trading volume, its volume-to-open-interest ratios were substantially higher (12.6x for gold and 2.8x for silver), indicating potentially more speculative churn rather than directional conviction. Hyperliquid also showed better liquidity in gold with consistently tighter spreads, while silver spreads were comparable on both platforms. Funding rates on Hyperliquid reflected net long demand during the event. The results indicate that, despite lower volume, Hyperliquid demonstrated superior responsiveness and accuracy in pricing during a volatile, off-hours market scenario.

marsbit1h ago

During the Weekend Market Closure, Hyperliquid Predicted the Gold Reopening Price More Accurately Than Binance

marsbit1h ago

Trading

Spot

Futures

Hot Articles

How to Buy HOUSE

Welcome to HTX.com! We've made purchasing Housecoin (HOUSE) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Housecoin (HOUSE) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Housecoin (HOUSE)After purchasing your Housecoin (HOUSE), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Housecoin (HOUSE)Easily trade Housecoin (HOUSE) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

3.0k Total ViewsPublished 2025.04.27Updated 2025.04.30

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of HOUSE (HOUSE) are presented below.