Well-known crypto commentator Digital Asset Investor (@digitalassetbuy) recently highlighted a clip of Greg Kidd describing the moment Ripple walked XRP into the U.S. Treasury Department.
Kidd says Treasury officials were left speechless. That moment says a great deal about where XRP was then and where it is now.
Heads Were Spinning
Kidd accompanied Ripple co-founder Chris Larsen to the Treasury Department in the company’s earliest days. The purpose was to explain what Ripple and XRP were, but officials were not prepared for what they heard.
Kidd recalled that Treasury officials realized they were looking at “a global, worldwide, permissionless chain” and that “their heads were spinning by the time we walked out the door.” No regulation covered it, and it did not fit into any existing category. XRP had arrived before the institutions responsible for governing finance even knew what to make of it.
XRP Was A Shocker For The US Treasury
Watch The Full Youtube Video Herehttps://t.co/UPPIaQaw8u pic.twitter.com/9C385XTBEn— Digital Asset Investor (@digitalassetbuy) July 25, 2026
Who is Greg Kidd?
Kidd is not a peripheral figure in this story. He was employee number 10 at Ripple and its first chief risk officer. He holds degrees from Harvard, Yale, Brown, and Stanford. Before Ripple, he worked at the Federal Reserve. Digital Asset Investor has long argued that Kidd is one of the most important and least discussed figures behind Ripple’s rise.
Kidd says he first heard about Ripple at a card game with payments industry insiders. He described the concept as “a universal ledger, one ledger for all the value in the world” and said it drove him to go and “talk them into giving me a job.”
From Confusion to Clarity
The Treasury meeting exposed a classification problem that would follow XRP for years. Kidd explained, “We thought we were going to get in trouble for being money. Then we found out, no, we’re like a security, now we’re a commodity.”
That confusion played out publicly through the SEC’s lawsuit against Ripple. A court eventually ruled that XRP sold to retail buyers on exchanges was not a security. The question that left Treasury officials spinning in those early meetings finally had a legal answer, and the XRP community viewed that outcome as a significant turning point.
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What Clarity Means for XRP
Regulatory clarity has a direct relationship with institutional participation, and institutional participation drives demand. XRP was built to move value across borders quickly, and that use case requires regulated financial institutions to get involved.
Now that XRP has clarity, more institutions are getting involved. With legislation like the CLARITY Act approaching a vote in the Senate, the future could be very different for XRP.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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