Brad Garlinghouse, CEO of Ripple, recently called out the renowned television program “60 Minutes.” The CBS show failed to mention a crucial XRP ruling and overlooked Ripple’s transformative role in revolutionizing cross-border payments.
Crypto made its debut on @60Minutes tonight – there’s no doubt that these technologies will continue to become more and more mainstream – with influence and reach that will only continue to grow.
A few things I do want to comment on after watching:
I spoke with Margaret…
— Brad Garlinghouse (@bgarlinghouse) December 9, 2024
Garlinghouse pointed out that ignoring key developments misrepresents Ripple’s progress and positive impact on cryptocurrency. In a tweet, CEO Garlinghouse expressed his disappointment that 60 Minutes, despite covering the broader topic of cryptocurrencies, chose not to mention the significant legal ruling in favor of Ripple.
The ruling classified XRP as not a security in some contexts. It was a landmark decision in Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). This ruling has been pivotal in giving Ripple greater clarity and has been celebrated by the wider crypto industry as a win for the space.
Ever since then, XRP has been on a steady rise. The coin has gained 341.77% value in the past month alone. It is eyeing the 2.50 dollars as it trades at 2.44 dollars. According to the latest XRP price prediction 2025, the coin can cross the 5-dollar mark next year.
Ripple has consistently focused on revolutionizing cross-border payments, providing faster, cheaper, and more secure transactions through its XRP-powered solutions. Garlinghouse highlighted that Ripple’s contributions to improving financial systems have been ignored by media outlets.
The company has expanded its reach in international transactions. Its implications have led to negative portrayal in certain media outlets. Ripple’s efforts to work with traditional financial institutions, banks, and payment providers have facilitated the seamless integration of blockchain technology into global finance.
The XRP ruling and Ripple’s role in transforming cross-border payments are crucial for understanding the current state of the cryptocurrency market. Ripple’s success in enabling frictionless payments has led to significant global adoption of its network by financial institutions.
As Ripple continues to expand its partnerships and develop innovative solutions, the value of XRP could see further appreciation. This positive outlook on XRP’s future is reflected in the growing interest from investors, as many believe the token is poised for significant price movements.
