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Ripple (XRP) executives have revealed that behind the harsh regulatory crackdown the company faced for years was a coordinated suppression by institutional powers who feared that its innovative technology would threaten the existing financial system, sending shockwaves through the industry.
According to cryptocurrency media outlet Bitcoinist on March 12 (local time), Ripple’s top executives recently attended a conference in Sydney, Australia, where they candidly disclosed the unusual hostility the company endured and the hidden truth behind it prior to the resolution of its legal battle with the U.S. Securities and Exchange Commission (SEC) in 2025.
CEO Brad Garlinghouse recalled that “they were afraid of us,” asserting that XRP became a target not because it was weak, but because its technology was so far ahead of its time that it posed a genuine threat to the entrenched financial system. President Monica Long, who also attended the event, stated that the hostile environment of the past had nothing to do with any actual wrongdoing by the company. Rather than being natural criticism from competitors, it felt like unidentified pressure aimed at suppressing XRP’s growth, she explained.
These suspicions began to align when the widely publicized Epstein documents were released. Ripple co-founder Chris Larsen had long argued that unseen negative forces were systematically attacking the company, suspecting figures such as former MIT Media Lab director Joi Ito of being involved. Garlinghouse admitted he initially dismissed such claims as conspiracy theories. However, documents later revealed connections between former SEC Chair Gary Gensler, who led the lawsuit against Ripple, and the Media Lab, lending credibility to Larsen’s longstanding doubts.
Ultimately, Ripple’s leadership drew a clear line, asserting that the intense legal and regulatory pressure that once constrained XRP and the company was not part of legitimate oversight. They firmly concluded that it was a calculated and coordinated obstruction orchestrated by figures at the center of institutional power to suppress XRP and stifle Ripple’s growth.
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