Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Software Dev Connects the Dots Between XRP and Donald Trump

Software Dev Connects the Dots Between XRP and Donald Trump

TimesTabloidTimesTabloid2026/07/31 13:00
By:TimesTabloid

Software engineer Vincent Van Code has offered a new perspective on the significance of former SEC Chairman Jay Clayton’s appointment as the ninth Director of National Intelligence, suggesting the Ripple lawsuit may have been part of a broader political timeline.

He added that Clayton, whom he described as “Trump’s boy,” would not have pursued the SEC’s lawsuit against Ripple without Trump’s backing. Van Code concluded by describing the idea as a “fun thought experiment,” making clear that he was sharing personal speculation rather than presenting it as fact.

His remarks came after blockchain researcher BankXRP reported that the U.S. Senate had confirmed Clayton as the ninth Director of National Intelligence in a 51-47 vote, highlighting the former SEC chairman’s transition from financial regulation to overseeing the U.S. intelligence community.

Hashr.Group Points to Ripple’s Early Government Connections

Before Van Code joined the conversation, investor hashr.group responded to BankXRP’s post by suggesting Clayton’s latest appointment could be viewed as a reward for dropping the SEC’s lawsuit against Ripple. The investor did not provide evidence for the claim but presented it as a personal opinion on recent developments.

Hashr.group also suggested that unseen forces may have been guiding the XRP Ledger toward its intended destination through gradual developments over time.

Expanding on that view, the investor referenced Greg Kidd, recalling remarks that Ripple secured a meeting with the U.S. Treasury within its first month of operating. The reference was used to support the idea that Ripple established relationships with government institutions at a very early stage of its history.

Jay Clayton’s New Position Renews Interest in Ripple History

Clayton’s confirmation has generated renewed conversation across the cryptocurrency community because of his role in authorizing the SEC’s lawsuit against Ripple in December 2020. Filed during his final days as SEC chairman, the case became one of the most significant legal battles involving digital assets in the United States. It also shaped years of debate over the regulatory status of XRP.

Since leaving the SEC, Clayton has served as U.S. Attorney for the Southern District of New York before moving into his new position as Director of National Intelligence, where he now oversees all 18 agencies within the U.S. intelligence community.

While BankXRP’s original post questioned whether Clayton’s appointment was the right choice or a divisive one, the discussion that followed centered largely on Ripple’s legal history and the possibility that broader political considerations may have influenced events surrounding the lawsuit.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

VIPTradFi Focus: Where Does the RWA Market Stand Today?

1. Crypto outperformed traditional equity indexes following the rate hike, but elevated interest rates remain a key constraint on cross-asset allocation. From September 12 to 18, BTC, ETH, and SOL gained 4.83%, 3.84%, and 9.96%, respectively, while the S&P 500 edged down 0.08%. The U.S. Dollar Index rose 1.11%, and the 10-year U.S. Treasury yield closed at approximately 4.998%. Improving risk appetite is therefore coexisting with elevated discount rates, raising the bar for RWA allocation: investors need to compare not only returns on the underlying assets, but also on-chain liquidity and collateral efficiency. 2. Growth in tokenized equities is occurring even as the overall RWA market remains under pressure. As of September 18, Distributed Asset Value across RWAs stood at $38.503 billion, down 1.13% week over week, while tokenized equities reached $3.056 billion, up 6.03%. This week's data are better explained by capital reallocating across different RWA segments than by a broad-based expansion of the entire RWA market. 3. For exchanges, the opportunity lies in connecting spot holdings, collateral, and derivatives. Reality's distributed asset value stands at approximately $155 million, while eligible rTokens can already be used within Bitget's UTA margin framework. Across CoinGlass's verifiable sample of 177 TradFi instruments, open interest reached approximately $11.498 billion, up 2.06% week over week, even as weekly trading volume declined 7.60%. The medium-term opportunity remains intact, but deeper utilization will depend on liquidity, collateral use, and sustained trading activity. 4.Assets to watch: BTC, ETH, SOL, NEAR, ZEC, gold, tokenized U.S. equities, COST. 5.Key metrics to watch: rToken collateral utilization, the durability of TradFi open interest and trading volume, and next week's employment and consumer data.

Bitget2026/09/21 06:38
TradFi Focus: Where Does the RWA Market Stand Today?