Ripple CEO Brad Garlinghouse has been recognized as a leading figure in the cryptocurrency industry, as the company reaches a $40 billion valuation. This milestone follows a $500 million funding round led by Fortress Investment Group and Citadel Securities. Ripple's strategic acquisitions, including Hidden Road for $1.25 billion and Rail for $200 million, aim to bolster its stablecoin and cross-border payment capabilities. XRP, Ripple's native cryptocurrency, has seen a remarkable 331% increase year-over-year, achieving a market cap of $150 billion. Additionally, Ripple's RLUSD stablecoin has grown to $1.02 billion, marking an impressive 1,825% rise since its inception. Lawyer John Deaton, a prominent XRP supporter, has praised Garlinghouse's leadership, affirming his previous positive assessments of the CEO.