The net worth of Ripple CEO Brad Garlinghouse has reached approximately $10 billion after the recent surge in the price of XRP, Fox reporter Charles Gasparino wrote on X (formerly Twitter) on March 20.
On March 19, the US Securities and Exchange Commission (SEC) officially dropped its lawsuit against Ripple, marking the end of a four-year long legal battle.
The XRP token spiked sharply after the announcement, reaching over $2.5 on March 20 before retreating. As per Kraken's price feeds, it was trading at $2.42.
The XRP price surge has made Garlinghouse one of the richest people in the US, Gasparino said.
Gasparino asked why Ripple has not submitted a public filing about its revenue yet. He further claimed that the sale of XRP tokens was used to build the Ripple platform. It therefore requires a disclosure of financials on the part of Ripple under securities laws.
Gasparino added that when there is a hearing regarding the confirmation of Paul Atkins as the Chairman of the SEC next week, someone like Senator Elizabeth Warren could question the case. Warren is well-known for her scepticism of crypto.
Atkins was nominated by President Donald Trump in December 2024 for the SEC chairmanship. He earlier served as the SEC Commissioner during 2002-08.
Meanwhile, Garlinghouse is optimistic about the future of both Ripple and XRP after the victory. He said that he expects the launch of an XRP exchange-traded fund (ETF) and XRP’s inclusion in the US crypto stockpile by the end of 2025. He also hinted at a Ripple initial public offering (IPO), though it is not a huge priority.