THIS IS **** CRAZY!!!! BRAD JUST DROPPED A MAJOR XRP-BOMB ON STAGE

Added: 2026-05-06

[00:00:00]Brad Garlinghouse is on stage in Miami at Consensus talking about Ripple and XRP. Also dropping some knowledge about the Ripple case. We also are going to talk about some new information coming to light about the DTCC and how Ripple is one of the companies who are now on this new body to lead the digital future. The DTCC clears four quadrillion dollars in securities every single year.

[00:00:24]They're bringing a hundred trillion dollars in assets on chain and Ripple was chosen as one of the companies to represent this innovation and moving forward. This does connect XRP directly into DTCC plumbing through Ripple Prime.

[00:00:38]I want to get into those new updates for you. We also have some additional clips and uh all brand new stuff. All right, let's start here. It's an honor to spend this time with you. Just thank you from the bottom of my heart. And for those of you who aren't aware, to take the federal government to court and win a final decision, did anybody see the Knicks beat the Hawks in game six? They beat them by like 60 points. That's the kind of asskicking we're talking about that Ripple gave the SEC. And that was a >> I appreciate that. Thank you. Thank you.

[00:01:11]It needed to happen and and it and it needed to happen. I I won't say more.

[00:01:15]I'll tell you what I said on my investor call and I'm curious to get your reaction to it. I'm close to uh I'm close to what's going on in Washington as well. And I do think this stable coin yield uh portion of the bill was quite important. There's been a compromise that's been reached. I don't love it.

[00:01:29]I'm sure the big banks don't love it.

[00:01:31]That probably means it landed in a relatively okay place, but I get the sense our brothers and sisters in the digital asset space are continuing to fight almost against this bill just because they can't rally around say, "Okay, now's the time. Let's get it done. Let's finalize the DeFi language.

[00:01:49]Let's finalize the ethics language. And I think it's time as an industry we we we kind of shut the hell up in terms of fighting uh against this bill and we and we say, "Okay, it's time to move. Call our local uh senator and get this done."

[00:02:02]I'm curious what your reaction is.

[00:02:03]>> Yeah. I I mean, uh Tom, you and I are in violent agreement on this. You know, uh in January, I tweeted out something to the effect of, you know, perfection is the enemy of progress. I agree with you.

[00:02:14]Do I think the Clarity Act as drafted is it's moved a little bit since January, but I do I think it's perfect? Hell no.

[00:02:20]Uh I I challenge you to show me any piece of legislation that we would call perfect. And there's trade-offs and uh compromises, but I do think clarity is better than chaos. And we have been living particularly with a I think a not well-intended SEC under Gary Gendler.

[00:02:40]We've been living with chaos where it's just, you know, uh, regulation through enforcement and you didn't know where they were going to focus their enforcement battle. And as you already pointed out, taking on the federal government, you have an unlimited budget of the federal government to come after you. And a lot of players other than Ripple have folded. In fact, a story that I don't think is well told is one of the key strategic mistakes the SEC made was picking on Ripple because we were strong enough to stand up to them.

[00:03:06]It still took some cojones to do that, but you know, I think uh they they made a bad strategic decision as opposed to building more case law going after weaker players and getting them to fold capitulate.

[00:03:18]>> Now, I think Brad's absolutely right.

[00:03:20]The SEC under the last administration did make a a bad decision, but I think that decision to sue Ripple was probably not Gary Gendler's decision. I think there were some other players that were putting pressure on Gary to make sure that they followed through with that lawsuit. Remember, it was the prior administration that actually brought the lawsuit. It was the last day of the Trump administration that did sue Ripple. Gary Gendler was the uh the next administration that continued the lawsuit. Like Gary could have dropped it, but he decided to push forward with it. And so I did want to show you this, right? Because remember like ETHGate and there was a lot of uh nefarious players at the SEC that was, you know, there was some money being passed along in the background between law offices and you know, all of that jazz. Okay. I did want to show you right did sign on with 120 other companies. So 119 other companies including Ripple here. I mean you have some of the biggest players in the crypto space. You have Panta on here.

[00:04:13]You have Coinbase on here. I mean bullish 1 in a I mean just all of the biggest players in crypto here are here signing on to urge Congress Senate to get this thing done. This is Senator Tim Scott. And so where we are right now it does look like May 11th to the May 18th or May 21st will be the window. If we don't see anything happening in that window, we're not going to this is probably not going to get done. Uh it does need to be voted out of the Senate Banking Committee, they could get that out of the B bank committee again on party lines, which means every Republicans votes for it. And if every Democrats doesn't vote for it, it still would go to the full Senate for a vote.

[00:04:49]Now, once it gets to the Senate floor, there's going to be some changes made at the last minute and then senators will vote. You need 60 votes. You're going to need every Republican and seven Democrats. That is the number that you're going to need. If you lose any Republicans for any reason, you're going to have to make those up with more Democrats. Now, if they're able to work together and get the bill passed over 60 votes, it'll go over back to the House because there's been so many changes to this bill. And then once the House votes on it again, Yes. then it will go to the president's desk and Trump will then have the option to sign it or uh or he can veto it and he can decide to not sign it. I think he will sign it is one of his biggest promises uh to the industry and uh I'm looking forward to it >> out taking on the federal government.

[00:05:32]You have an un >> Sorry, I didn't mean to do that.

[00:05:34]>> Strategic mistakes stand up going after.

[00:05:36]>> So Brad, you have built a company that's very innovative and growthy and >> growthy.

[00:05:44]>> You've used uh inorganic growth uh so-called inorganic growth M&A to to to build your portfolio. We too in our own smaller, more more humble way, but exciting way.

[00:05:55]>> It's not smaller. The the largest digital asset acquisition ever is the deal you announced overnight.

[00:06:01]>> That one was bigger. That was bigger.

[00:06:03]Yeah. Um the uh Thanks for Thanks for >> That's why I feel like I should be interviewing you today. Like this is your day.

[00:06:08]>> No, I appre I appreciate it. I appreciate it. Um so uh and I've I've loved your acquisition strategy. I'll just say it unabashed in part because I know the protagonist. I I know you and respect you and consider you a friend, but so too Mark Ash of Ripple Prime. So too, who's depending on the day, one of my best friends, who are the most annoying people in the world to me. We grew we grew up together.

[00:06:31]>> Um, but I I love it. Can Can you just give us I have a couple particular questions. Give us a high level. How's the acquisition strategy doing for you?

[00:06:38]>> Yeah, look, I I think Ripple and I would say now Bullish has taken a bit of a contrarian view relative to some crypto companies in their acquisition strategy.

[00:06:46]And I think a lot of crypto companies are buying other crypto companies and saying intraechamber.

[00:06:52]And I think what I've seen bullish do and certainly what Ripple has done is say we're going to go outside the echo chamber and accelerate bringing those non digital asset native companies on chain. And as as you know well I'll I'll use uh Ripple Treasury formerly G Treasury as the primary example here.

[00:07:09]They processed or orchestrated about $13 trillion of payments last year. 13 trillion. I had to ask Brad. I said, I want to make sure I heard that right.

[00:07:19]It's not really 13 13 trillion of payments.

[00:07:23]>> Now, what's interesting to me isn't just it's a massive number and that's the opportunity. It's that 0% of those payments went through a stable coin or through a digital asset last year. The opportunity is bringing that over time.

[00:07:34]And again, the last thing we want to do is for those customers, the American Airlines of the world, I mean, these are big, ranging from Fortune50 to, you know, midsize companies who are benefiting from a dashboard to manage their liquidity, to manage all of the interactions with bank accounts around the world. That's a great business that's growing, but it is bringing them along the journey gently. So, okay, you're making a your American Airlines making a fuel payment into the Peruvian soul. Okay, today that's going to take you four days and it's going to cost you this much because there's only one correspondent bank that'll enable that.

[00:08:07]tomorrow it's like oh we could just in a UI in the interface of G Treasury now Ripple Treasury presenting hey we can do that in real time at this cost and having a treasurer who's managing that payment make that trade-off and it it's going to be crawl then walk and then run and those 13 trillion you know I'll go out on a limb and say five years from now you know I I'll say 30% of that in five years will be onchain in some way and I think that is the opportunity I think it's also the opportunity like I I think the the power of like accelerating adoption by buying the largest I think transfer agent out there in terms of real world assets bringing things on chain I think it's profound see I think this is where we need to kind of adjust our timetables Brad Garlinghouse is saying that he believes right he is the head of Ripple and he's been there for 11 years he should know how long things are going to take here he thinks that 30% of that 12.5 trillion dollars will be flowing through let's say XRP or or stable coins or or stable coins over the next 5 years 30%. Which means what is that 3 to 4 trillion that means we are still a long way away to getting all of that value on the XRP ledger moving every single day where some people say well this is going to happen tomorrow.

[00:09:20]Is it right? And then when it also frustrates me when people say uh you know that that something's going to crash and then XRP is going to take over and go to you know a,000 bucks or 2,000 or 5,000 this year. What? Like Brad Garlinghouse is giving you a five-year timeline for 30% of the value moving through G Treasury onto the XRP ledger and then you know like you're just kind of setting the community up again for a hard fall. I think people need to set their expectations differently. This is going to take some time. This is not going to happen in a heartbeat. This is not going to you're not going to wake up in a week from now and XRP is going to be $1,000, right? This is a slow process. You need regulations. You need the bill signed. That's going to take at least a year to a year and a half to get all of those regulations up and going from all of the regulators. Then it'll be game on. You are going to get that that pump though, I believe. And hey, you know, I I I'm I'm here forever how long it takes. This is my asset. This is my community. This is what I want to be doing every single day of my life. I I am happy waking up and and and spending time with you, going through all of this research. This is this is everything to me, right? I want to see X and the XRP community succeed more than anything. I just hate that people keep telling unrealistic timelines and I think we just need to I uh move away from those people who keep promising things that don't get delivered. All right. Mr. Man says, "My heart is fluttering." Mr. Van, did you guys see him do his mask reveal at X Las Vegas? Man, how does he get the mask on with all the hair? I don't know.

[00:10:53]But just big congrats to him. I know that that was a big moment. I interviewed Mr. man like a few years ago, right when he started to come on the scene. Such a nice guy and u I'm just so happy for him. He pops into Krypton Air sometimes. I pop into his community sometimes and uh you know, big shout out to him, man. He's he's a good person to follow on X and of course, if you haven't joined his Discord uh you know, spend some time, man. He's good people. In the US, it is the DTCC and its subsidiaries. In Europe, it is Eurocar and Clearstream, both which have active tokenization programs. In the UK it is called Crest operated by Euroclear UK and Ireland. In Asia it is called Hex Clearing subsidiary. Uh SGX CDP and Japan's JASDAC. These entities are the settlement finality layer for securities. They are where the December 31st Treasury clearing mandate actually operates. They are where the DTCC's tokenization service will process July 2026 trades. Ripple Prime being named in the DTCC working group alongside Goldman Sachs and JP Morgan is the single most important institutional confirmation in the entire DTCC announcement for the Atlas thesis. Ripple Prime is the Ripple Prime is Ripple's institutional prime brokerage platform. Its presence in the DTCC working group means the XRPPL liquidity routing infrastructure is being evaluated as part of how tokenized security settlement within the DTCC ecosystem that that is not framework fit. That is Ripple at the table. We're clearing an infrastructure of the new global financial system. Let me go ahead and play this clip for you. This is Naen Shakar, one of the head of digital assets at the DTCC.

[00:12:38]>> We custody about $115 trillion dollars, sir. We're the only post trade service um in the United States. Uh we handle about 1.4 million and four quadrillion dollars um in settlement. So we are by large >> Hold on a second. We were like let's just get these comparisons here. So you're you're >> there's a little bit little rivalry here.

[00:12:59]>> It's fine. The US is always bigger and better. So we're happy >> and we're in Florida, not even in Texas.

[00:13:04]So yes, you're right. How many extra points for how many how many how many zeros are in a quadrillion >> I mean the numbers are really impressive and this morning um we finally so in December we actually were granted by the SEC you know action letter which really propagated or uh our ability to move forward and tokenize the US markets and as Jurgen said they're the largest markets uh that are out there and this morning we announced that in July actually on July 13th Um we will start with the first tokenization of US assets officially from the depository. Um and we're calling it a soft launch to really help the industry get ready uh for the big launch that will occur in October. So this is no longer a pipe dream. This is no longer talking about uh proof of concepts. we are ready uh to go and with the pipes that uh Ryan is building and u I know you've heard him talk about the risk side of things um we're ready to go guys so this is happening um and slowly but surely uh the US market is coming um on rails on blockchain um and we're going to tokenize and and manage our future so >> that's what we're doing >> all right we're getting there guys I'm feeling it all right and he also posted this DTCC announces development of new tokenization service convening 50 plus firms to drive digital assets adoption May 4, 2026. It's not a pilot announcement. It's a production timeline. Limited production in July 2026 with broader launch in October 2026. That means they've already decided what the model is and how uh and h what the model is and now stress testing it with real flows. a bank or asset manager using Ripple Prime can hold tokenized assets, stable coins, and potentially bridge liquidity without leaving their treasury environment. That's where XRP or RLUSD becomes relevant, but it's only in specific situations. And so, Mike Higgins did say tokenization just took another step forward toward the mainstream market. Appreciate the DTCC convening 50 plus firms to advance tokenized securities into live workflows. This is how traditional finance moves from pilots to scale.

[00:15:19]Excited for Ripple Prime to be a part of it. And of course, there was the DTC announcement. So, uh, man, this could be a huge gamecher for Ripple and X. We also had this clip from Brad Garlinghouse. I want to play it and then we'll end here.

[00:15:30]>> I want to talk about regulation for a second. I think you know, you've been through it with the regulators come out on top. Uh, we now have clarity we're waiting for in the United States. Some progress has been made there. It feels like there is some movement. I got to get your perspective here. Is it possible before midterms? There's a lot of optimism in the industry. But as time moves on, I I I will bring the pessimistic perspective.

[00:15:54]>> Look, I uh I have been pretty optimistic throughout uh sometimes difficult my my own, you know, concern about like is this going to happen? I think we have seen a lot of I I don't think people can it's been a big positive shift in the last week. uh getting Senator Tillis on board uh and you know kind of getting not yet scheduled but a likely a markup for either next week or the week after the week of May 11th or May 18th. And I think if we get it out of uh committee the likelihood that we get bipartisan support and get 60 votes on the Senate floor I think is very high. So I I've consistently I think been the optimist around this and so far I'm feeling more right than uh despite people who thought maybe I was wrong. We'll see. We still got time. I agree with you. It's not there yet, but uh I'm pretty optimistic now.

[00:16:42]>> What do you guys think is going to happen with the Clarity Act? Let me know below. I've been optimistic. We I think it's going to get done. Uh I believe.

[00:16:48]And also XRP address has hit an alltime of 8.265 million. Oh, the community is growing. Love to see it. Love to see it.

[00:16:57]And of course, uh this is the audience on the main stage at Consensus. A lot of people here. Uh very pretty coloring. I always like that kind of shade as you can see. I love the shade. It's behind me right in my seal picture, too. Uh, I like this shade because it's kind of the when the sun is going down in Hawaii, you get this very beautiful kind of pinkish orang-ish shade and it's just some it's one of the most beautiful things that I've ever seen and that's what I'm trying to recreate. XRP is the third asset on uh official Upit by volume. Upit is the largest crypto exchange in South Korea. RLUSD already live on coin one. KBank exclusive banking partner with Upit deployed ripple custody. KBank pushing stable coins and remittances. up. It already lists USDT and USDC. So, a lot of things happening over in Korea. Love to see here. Uh it looks like uh the volume for X actually is lower than Bitcoin, Ethereum, but some days it is higher.

[00:17:51]Just need to get it back to where it was and I do think we'll get there eventually. All right guys, I'm going to wrap it up there. Thank you for your support on the video. You can like, comment, uh share this with a friend if you think it's valuable enough to do that. Just want to thank you again for your time as always. And like I said, it is an honor to spend this time with you every day. All right, I'll see you next time.