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Ripple valued at $40 billion? John Dytton says those who are bearish must admit that it is a legend.
XRP holders’ lawyer John Deaton (John Deaton) praised Ripple’s resilience and long-term strategy, which has led to its valuation reaching $40 billion. Despite the company being fined $125 million after a five-year lawsuit with the U.S. Securities and Exchange Commission (SEC), the SEC maintained XRP’s non-security status. Deaton called this achievement “legendary” and highlighted initiatives such as the $1 billion acquisition of GTreasury and its global licensing portfolio. CEO Brad Garlinghouse (Brad Garlinghouse) emphasized the practical utility-focused strategy of XRP and RLUSD stablecoin, aiming to move away from market speculation, and expressed optimism about obtaining a UK license by 2026 to promote the development of a regulated cryptocurrency infrastructure.