- Brad Garlinghouse stated that Ripple’s goal isn’t to partner with SWIFT but to replace it, highlighting that over 100 SWIFT-linked banks are already using Ripple’s technology.
- XRP spiked last week on false rumors of a SWIFT partnership, which Garlinghouse quickly dismissed by saying Ripple is actively “taking over SWIFT.”
- Ripple is battling a securities lawsuit alleging XRP is an unregistered security, with the company moving the case to federal court.
Ripple’s CEO Brad Garlinghouse recently appeared on Bloomberg TV, where he dropped some bold takes about the future of blockchain and Ripple’s role in it. “Any digital asset, long-term, will be valued based on the real-world problems it’s solving,” he said, making it clear that Ripple’s focus isn’t hype—it’s utility.
SWIFT vs. Ripple — Who Wins?
- 100+ SWIFT-connected banks already on RippleNet: Garlinghouse claims over 100 banks using SWIFT are now utilizing Ripple’s payment platform. That alone signals shifting sentiment—customers are voting for change.
- 14% market-share goal: At XRP APEX 2025 in Singapore, he laid it out—Ripple is targeting 14% of SWIFT’s global cross-border volume within five years. That’s trillions of dollars of liquidity moving through XRP, not just messaging.
Ripple pitches liquidity, not just messaging. Banks using RippleNet don’t just send payment instructions—they move value using XRP as a bridge currency, enabling instant currency conversion and avoiding costly pre-funded accounts. That’s the real advantage over SWIFT.
Rumor Mill Reacts Fast
Rumors sparked an XRP price surge last week about a supposed SWIFT–Ripple partnership. Garlinghouse wasn’t having it: “We’re taking over SWIFT, not welcoming it,” he firmly said. No partnership. Just competitio
Legal Clouds Clear—or Close?
On June 27, 2025, Garlinghouse announced Ripple will withdraw its cross-appeal in the long-running SEC suit, and the SEC is expected to follow suit—ending years of litigation. “We’re closing this chapter once and for all,” he wrote on X.
Judge Denies Settlement Terms
A day earlier (June 26), Judge Analisa Torres refused to approve a settlement that would have reduced Ripple’s $125M penalty to $50M and removed a permanent injunction. She ruled it lacked exceptional circumstances. That rejection essentially forced Ripple and the SEC to simply drop appeals instead.
Procedural Clean-Up Underway
As of mid-July, court filings signal final case wrap-up steps: removal of expert witnesses, withdrawal of appeals, and docket cleanup. XRP has already rallied ~6% as traders anticipate legal clarity
Why This Matters
- Ripple aims to replace, not partner with SWIFT—over 100 banks already onboarded; targeting trillions in cross-border traffic via XRP-based liquidity. That’s not ambition. That’s strategy.
- Rumors won’t slow Ripple’s momentum—price pumps from false partnership talks are swiftly debunked and reframed as disruption, not collaboration.
- Legal clarity arrives—Ripple’s dropping its cross-appeal, SEC looks set to do the same, and Judge Torres’s refusal to cut leniency signals finality to Ripple’s $125M penalty. The SEC and Ripple are wrapping up what was one of the most watched crypto legal battles
