Tesla's Papers, Trump's Uncle and XRP: The Ripple Case Compared
Trump says his uncle reviewed Nikola Tesla's seized papers. What the FBI files show, and how a video compares the 1943 seizure to SEC v. Ripple.

Key takeaways
- According to the video, the government seized Nikola Tesla's papers in January 1943 under a wartime law meant for enemy property, even though Tesla was a naturalized US citizen.
- John G. Trump, the President's uncle and an MIT engineer, reviewed the papers in late January 1943 and reported that they held nothing of significant value.
- The SEC's lawsuit against Ripple ended in August 2025 with both appeals dropped and a $125 million penalty in place, far below the nearly $2 billion in penalties the SEC had sought.
- The comparison between Tesla and Ripple is the video's own argument about a pattern, not a documented connection between the two events.
- Executive orders and single court rulings can change; the video says only a law passed by Congress gives lasting clarity, and real bank use of the rails is what to watch.
President Trump said his uncle, MIT engineer John G. Trump, was commissioned by the US government to assess Nikola Tesla after the inventor died in 1943. A Bullrunners video, which places the remarks at the October 8, 2026 National Medal of Science ceremony, uses them to retell how Tesla’s papers were seized and compare it to the SEC’s Ripple lawsuit.
For XRP holders, the Tesla story is the hook, not the substance. The useful part is the Ripple timeline: what the lawsuit cost, how it ended, and what the video argues still isn’t settled. This article separates the documented events from the pattern the video draws between them.
What did Trump say about Nikola Tesla?
Trump said his uncle, Dr. John Trump, was asked by the US government to report on whether Tesla was “a true genius or not,” and concluded that Tesla was “a true and great genius” who was “real in every single way.” According to the video, Trump made the remarks at a podium with Elon Musk standing beside him. Musk did receive a medal at the October 8 ceremony, where Trump compared the winners to his uncle.
The video’s chapter list says Trump “confirms” what is in the FBI files. Strictly, the clip shows Trump confirming one thing: that his uncle reviewed Tesla’s work for the government. He did not discuss the seizure, the missing notebook or the later handling of the papers.
What happened to Tesla’s papers in 1943?
The government took Tesla’s papers shortly after his death, using a wartime agency built to seize enemy property. A January 12, 1943 FBI letter confirms the seizure, the seal and the move to a warehouse. The fuller sequence, as the video tells it:
- January 7, 1943: Tesla is found dead in room 3327 of the New Yorker Hotel in Manhattan, aged 86. The video says he was broke and living on a small Yugoslavian government pension.
- Within about 48 hours: The FBI contacts the Office of Alien Property Custodian, a World War II agency with authority to seize assets from hostile foreign nationals. Tesla had been a naturalized US citizen since 1891.
- Shortly after: Agents move his notebooks, blueprints and sketches to the Manhattan Storage warehouse under government seal. The video says there was no court hearing and no public announcement. The FBI file itself notes there was a legal question about seizing a US citizen’s papers.
- A few days later: Tesla’s nephew, Sava Kosanović, reports that a black notebook of hundreds of pages, some marked “government,” was already missing before the official seizure. The video says he worked at the Yugoslavian embassy; other sources describe him as a Yugoslav official.
- Late January 1943: The engineer brought in to review the papers examines them on January 26 and 27. His report, dated January 30, finds nothing of significant value.
- After the war: The video says the FBI’s own file describes the papers as having “mysteriously disappeared.” Bullrunners could not confirm that wording comes from the FBI, and other accounts say the papers were later released and sent to Belgrade.
- Later releases: The video says the CIA released 16 pages in 2000. The FBI released about 250 pages of its Tesla files in September 2016 and a second batch, including a catalog, in 2018. The video’s date of 2022 for the catalog is incorrect.
Who was John G. Trump?
John G. Trump was the MIT engineer called in to review Tesla’s papers, and the uncle of President Trump. A clip shown at the National Medal of Science ceremony describes him as born in the Bronx in 1907. It says he arrived at MIT in 1931 to work with Robert Van de Graaff on high-voltage generators, and used that research to produce X-rays for early cancer radiation treatment. According to the clip, he helped found the MIT radiation laboratory during the war, the center of America’s wartime radar work.
He was 35 and working with the National Defense Research Committee when he reviewed Tesla’s material.
Does Trump’s account match the 1943 report?
Not exactly. Trump’s recollection is that his uncle found Tesla to be a true genius. The 1943 report concluded the papers contained nothing of significant value. Both can be true: someone can judge a person brilliant while deciding their notes pose no security risk. The video doesn’t reconcile the two statements. Readers shouldn’t treat Trump’s comment as confirming anything about hidden technology.
How does the video connect Tesla to the SEC’s Ripple lawsuit?
The video argues that the SEC’s lawsuit against Ripple followed the same pattern as the Tesla seizure. In its telling, a government body used a law in a way the target didn’t expect, while the work sat frozen. That link is the host’s interpretation, not a documented connection between the two events.
The facts the video cites for the Ripple side:
- The SEC sued Ripple Labs on December 22, 2020, naming Brad Garlinghouse and Chris Larsen personally. The video says this was outgoing SEC Chairman Jay Clayton’s last business day; reports describe it as his last full day before he resigned on December 23.
- The video calls it a “$1.3 billion lawsuit.” That figure is the amount the SEC said Ripple raised through XRP sales. The SEC later asked for nearly $2 billion in penalties.
- Over the next four years, major US exchanges including Coinbase, Kraken and Binance US suspended or delisted XRP, according to the video.
- The video says 80% of Ripple’s hiring during those years went outside the US, to places like London, Singapore and Dubai. Other reporting describes it as a majority.
- At the CFTC’s first Innovation Advisory Committee meeting on August 20, 2026, Garlinghouse said Ripple spent $150 million on outside legal counsel during its four-year battle with the SEC. He added that other companies “were bullied into submission” before the Ripple case.
- At the same meeting, CFTC Chairman Michael S. Selig said many attendees had faced a regulatory system “where the rules could change after the fact,” calling it “the type of persecution we see in banana republics.”
How did the SEC v. Ripple case end?
The SEC v. Ripple case ended in August 2025, when both sides dropped their appeals and a $125 million penalty stood. The timeline:
- December 2020: The SEC sues Ripple, Garlinghouse and Larsen.
- August 7, 2024: Judge Analisa Torres imposes a $125 million penalty, well below the nearly $2 billion the SEC sought.
- After the ruling: The SEC appeals and Ripple cross-appeals.
- January 2025: President Trump signs an executive order promoting digital asset adoption. A CNBC clip in the video says it created an industry working group to evaluate holding seized crypto in a national stockpile, protected Bitcoin miners and software developers, and promoted dollar-pegged stablecoins. The video adds that the order rolled back an SEC accounting rule that kept banks from holding crypto for customers. In fact, SEC staff withdrew that rule, known as SAB 121, separately on January 23, 2025. SAB 121 did not ban custody; it required custodians to record customers’ crypto as a liability on their balance sheets.
- March 2025: The SEC says it will drop its appeal.
- August 2025: Both sides file to drop their appeals on August 7. The Second Circuit approves the dismissal on August 22 and the case closes.
For more on what a stockpile order does and doesn’t mean for seized coins, see why seized XRP can still be sold under Trump’s reserve order.
Where the comparison holds and where it doesn’t
The video lines up three moments side by side. Here is that comparison:
| 1943: Tesla | 2020: Ripple | 2025: Policy shift | |
|---|---|---|---|
| Law or tool used | Wartime enemy-property law | Securities law | Executive order and dropped appeals |
| Who acted | Office of Alien Property Custodian, FBI | SEC | White House, SEC |
| Outcome | Papers seized and sealed; their later handling is disputed | Four years in court, $125 million penalty | Case closed, policy changed direction |
The similarities the video draws are about government power and delay. The differences are just as clear. As the video tells it, Tesla’s case was a physical seizure without a court hearing. Ripple’s case went through a federal court, with a judge, appeals and a final outcome.
Questions the video says matter now
The video ends with a short framework for holders, which is the most practical part of the piece:
- Can the next president reverse it? An executive order can be rewritten and a court ruling covers one case. The video says only a law passed by Congress lasts, and that fight isn’t finished. For where that stands, see what changed for XRP after the Clarity Act failed.
- Who got there first? The video argues that while US exchanges delisted XRP, jobs and builders moved abroad, and regular American holders were the ones locked out.
- Is legal clarity the same as real use? “A court ruling clears the road. It doesn’t put cars on it,” the video says. What matters is whether banks and payment companies actually use the rails.
The video also notes that nobody knows what XRP’s price does next.
What to watch next
The video points to three things. First, whether Congress passes a crypto market structure law, since executive orders can be reversed. Second, whether banks and payment firms adopt Ripple’s rails in practice, rather than headlines claiming they will.
Third, the Bank for International Settlements’ work on programmable money. The video says this involves seven central banks, including the New York Fed. That matches Project Agorá, which published prototype results in May 2026 and is moving to a next phase with selected participants. For background, see what the BIS’s Project Agorá real-value test involves. The host warns that money that can be programmed can also be switched off.
That warning is the video’s concern, not a described feature of any live system. Holders thinking about control over their coins can start with who actually holds the keys to your XRP.
Frequently asked questions
What did Trump say about his uncle and Nikola Tesla?
In a clip shown in the video, President Trump said his uncle, Dr. John Trump, was commissioned by the US government to report on Tesla and concluded that Tesla was 'a true and great genius' who was 'real in every single way.' The video says he spoke at a podium with Elon Musk beside him, around the October 8, 2026 National Medal of Science ceremony.
Who reviewed Nikola Tesla's papers after he died?
John G. Trump, an MIT engineer working with the National Defense Research Committee, examined the papers in late January 1943, when he was 35. His report, dated January 30, 1943, found nothing of significant value.
When did the FBI release its Tesla files?
The FBI released about 250 pages of its Tesla files in September 2016 and a second batch, including a catalog of the seized items, in 2018. The video gives 2022 for the catalog, which is not correct. The video also says the CIA released 16 pages in 2000.
How did the SEC v. Ripple case end?
Judge Analisa Torres imposed a $125 million penalty on Ripple in August 2024. The SEC said in March 2025 it would drop its appeal, and in August 2025 both sides dropped their appeals, leaving the $125 million penalty in place and closing the case.
How much did Ripple spend fighting the SEC?
Brad Garlinghouse told the CFTC's first Innovation Advisory Committee meeting, held on August 20, 2026, that Ripple spent $150 million on outside legal counsel during its four-year battle with the SEC.
Full video transcript
From the video's captions, lightly formatted. Captions can mishear names and numbers, so check figures against the article above.
48 hours after Nikola Tesla died, the government took every notebook and every blueprint out of his hotel room under a wartime law meant for enemy property and then spent decades saying it never [music] had them. Then, this week, President Trump walked up to a podium with Elon Musk standing 2 ft to his left and said this on live camera. Watch this.
And interestingly, when you mentioned Tesla, my uncle, Dr. John Trump, was commissioned by the United States government to do a report on Nikola Tesla. They wanted to know was he real or not real? Was he a true genius or not? My [snorts] uncle, after a fairly short period of time, determined that he was a true and great genius and that he was real in every single way.
Come on. The sitting president of the United States just said on tape what's that in the bureau's files for decades. And here's what nobody is [music] connecting for you because eight decades after they came for Tesla, the SEC ran that exact same play on Ripple and your XRP bag has been the collateral damage sitting there every single day for a decade. Welcome back, bull runners. If you're feeling bullish, like this video and confirm it right now by subscribing to the channel and commenting 777 [music] below.
So, look. What you just watched is a sitting president connecting a 1943 government seizure in a Manhattan hotel room to the SEC's four-year war on Ripple and the pattern is the same and the playbook is the same and the pressure that has been chopping your XRP bag sideways for an entire decade just got named out loud on live TV. Let's run it. So, let's rewind to January 7th, 1943. Room 3327 of the New Yorker Hotel in Manhattan and a maid walks in with the morning linens and finds Nikola Tesla dead in his bed, 86 years old, totally broke, living off a small Yugoslavian government pension, because every patent royalty check he was supposed to get had somehow gone missing over the years.
So, here's the first thing that doesn't add up at all. Within 48 hours of the body being found, the FBI calls the Office of Alien Property Custodian. If you don't know what that was, basically, the Alien Property Custodian was a wartime agency [music] with the authority to seize assets from hostile foreign nationals during World War II. Enemy spies, you know, hostile powers, that kind of thing. That's what the law was literally built for.
Tesla was none of those things. He was an American citizen, naturalized back in 1891, who had lived in the United States for 60 years by the time he died. The law did not apply to him at all. They used it [music] anyway. Agents arrived at the hotel within 2 days, opened his safe, took every notebook and every blueprint and every [music] sketch, and loaded all of it onto trucks to be moved to the Manhattan storage warehouse under official government seal.
There was no court hearing, and nobody [music] announced any of this to the public. And here is where it gets wild. Tesla's nephew, [music] Sava Kosanović, who worked at the Yugoslavian embassy, he arrives at the room a couple days later, and he opens what is left of the safe, and he reports to the family that an important black notebook, hundreds of pages, several of them literally marked with the word government, is already missing before the official seizure even started. You feel that? Somebody got there first.
Now, the FBI gets called in to investigate the missing notebook, and that FBI investigation triggers the next event. Three weeks after Tesla's death, the Office of Alien property custodian brings in an MIT engineer to review everything they seized. 36 years old, working out of the National Defense Research Committee during the war. His job was simple. Look at every single thing Tesla ever wrote and tell the government whether any of it was dangerous.
The engineer files his official report on January 30th, 1943. Signs off, says nothing of significant value. Move along. The papers get shuffled between warehouses. And then, and this is a direct quote from the FBI's own file, after the war, they, quote, mysteriously disappeared.
That is the Bureau's own language on the paperwork. Then the FBI spent decades saying it never had the papers at all. The first partial declassification didn't drop until the year 2000, [music] when the CIA finally released 16 pages. The full catalog of what was seized? The FBI didn't release that until 2022, which was 79 years after Tesla died.
Now, who exactly was the engineer the alien property custodian trusted with all of this? Here's who. This clip played on the big screens at the National Medal of Science ceremony this week, right before [music] President Trump walked out, and every CEO in that room saw it first. Watch this.
Some scientists [music] transform medicine. Some help win wars. John G. Trump did both. Born in the Bronx [music] in 1907, John G.
Trump arrived at MIT in 1931 to work with Robert Van [music] de Graaff, then building the world's most powerful generators. Trump's research used vacuum tubes and compressed gas to produce [music] high voltage for powerful X-rays, then used for the first radiation treatments for cancer. And then came the war. Trump helped found [music] the radiation laboratory hosted at MIT, the center of America's wartime radar [music] effort.
Wild. That is the man the Office of Alien Property Custodian called in 3 weeks after Tesla's body went cold. And for decades, that connection sat in a dusty FBI file nobody wanted to touch until the sitting president of the United States said it out loud at the top of this video with [music] the richest tech CEOs on the planet watching. So, the pattern that started in that hotel room in 1943 didn't end there. It just got digitized for the modern era.
Fast forward to December 22nd, 2020, which was the day before Christmas Eve, which was also the last business day in office for SEC Chairman Jay Clayton. Clayton is walking out the door about to go cash in at a private sector job, and his very last official act before the lights go off, he files a $1.3 billion lawsuit against Ripple Labs, and he goes after Brad Garlinghouse personally, and he goes after Chris Larsen personally right before for the holidays,
[music]
right as the whole administration is changing hands. Here's a federal attorney breaking down the SEC's case management order on his channel the week it dropped. Watch what he flags about the timing [music] right at the top. Listen to this.
So, just to recap, the SEC lawsuit was filed just before Christmas 2020, and the first scheduled hearing with Judge Torres is on the 22nd.
That's crazy. The outgoing SEC Chairman literally waited until the final business day of his entire career [music] to drop a billion-plus dollar enforcement action on the one US company that had been building rails for a global payment system to run on. And if that timing feels like a setup, it's because it was. Think about this for a second. In 1943, the government seized the papers.
In 2020, [music] the SEC seized the business model. Same wartime logic, different century, and the same result, which is American innovation taken out of American hands and [music] locked in a government warehouse while bureaucrats sit around and decide whether it is safe. For 4 years, Ripple was dragged through [music] court. Major US exchanges suspended or delisted XRP. Coinbase, Kraken, Binance US, you name it, gone off the map.
The on-ramps dried up and builders left the country. Now, this week at the first-ever Innovation Advisory [music] Committee meeting at the CFTC, Brad Garlinghouse stood up in a room full of regulators and put the actual bill on the record. Listen to this.
Uh I think it was Brian that referenced that you didn't want to invest $5 million and have $4 million go to legal bills. Ripple spent $150 million in outside legal counsel during our 4-year battle with the SEC. Most companies would not have and frankly other companies were bullied into submission uh prior to the lawsuit with Ripple.
You feel that? That is the cost of defending a token the SEC spent 4 years calling a security that it wasn't. [music] And that's just the toll one company paid when they could afford it because the startups that couldn't afford a bill like that just vanished off the map entirely. 80% of Ripple's hiring during those 4 years went non-US. The talent packed up and moved to London, to Singapore, to Dubai. Basically, wherever the United States wasn't running a seizure operation on its own crypto industry.
And this isn't just commentary. This is the sitting chairman of the CFTC, who is literally the top derivatives regulator in the United States, opening the same meeting Garlinghouse spoke at. Listen to the exact words he used.
Many of you in this room today were victims of this administration's reordered approach regulation. You built companies, created jobs, invested capital, tried to comply with the law, only to find yourselves navigating a regulatory system where the rules could change after the fact. This is the type of persecution
we see in banana republics. It's completely unacceptable here in the United States.
Wild. The sitting CFTC chairman on the official record used the exact words a lot of us were saying for [music] 4 years when the mainstream was literally calling us conspiracy theorists for pointing out the pattern. Now, here is where the whole pattern finally cracks wide open. In August 2024, Judge Torres fined Ripple $125 million, which was nowhere near the $1.3 billion the SEC originally wanted. The SEC appealed.
Ripple cross-appealed. Then, in March of 2025, the SEC said it would drop its appeal. In August 2025, both sides dropped their appeals. The $125 million fine stayed in place, and the case closed. The seizure era is over.
And here is CNBC back in January 2025 reporting on the executive order President Trump signed that [music] flipped the whole pattern on its head. Watch this.
There certainly is, Brian. And and Donald Trump has been delivering on a lot of the promises that he made to the crypto industry on the campaign trail. The latest is a sweeping executive order Thursday that promotes digital asset adoption in the US. The centerpiece is a new industry working group, which will evaluate the potential of taking cryptocurrency seized by the government and holding it in a national stockpile. Now, also in the order protecting Bitcoin miners and software developers from what the president called persecution and promoting US dollar pegged stablecoins.
Come on. For the first time since 1943, the federal government is actually not running a seizure operation on American innovation. And that executive order rolled back the SEC accounting rule that made it literally impossible for banks to custody crypto, protected the miners, protected the developers, and started the whole architecture rebuild happening in front of us right now. So, let's put the three pieces side by side. In 1943, a law [music] built for enemy spies was used on an American inventor, and his papers disappeared into a warehouse.
In 2020, a securities law was used on an American payments company, and its business got frozen in court for 4 years. In 2025, the government stopped. The case closed, the fine stayed, and the order [music] changed direction. Same pattern every time. Someone in Washington decides what is safe, and everyone else waits outside the warehouse to find out.
Tesla never got his papers back. XRP holders did get their case back, but it took 10 years. So, before anyone tells you what happens next, here are the questions that actually matter. First, if one president can sign an order that ends the seizure era, can the next one sign it back? An executive order can be rewritten.
A court ruling covers one case. The only thing that really lasts is the law Congress writes, and that fight is not finished. Second, who got there first this time? Remember the black notebook that was gone before the agents even arrived? While American exchanges were [music] delisting XRP, the jobs and the builders went to London, Singapore, and Dubai.
The people who were locked out were regular American holders. Third, is legal clarity the same as real use? A court ruling clears the road. It doesn't put cars on it.
[music]
What matters now is whether banks and payment companies actually use the rails. That's what to watch, not the headlines. And the last question is the one only you can answer. If your XRP sat through a decade of this, do you have a plan for it now, or are you still waiting outside the warehouse? Nobody knows what XRP's price does next.
Most holders know what the long chop feels like. 18 months of a chart going sideways. Headline after headline promising the big move, and the move that keeps almost happening and never quite does. That fatigue is real, and hoping is not a plan. Because here's the part of this story that isn't over.
In 1943, they needed trucks and a warehouse [music] to take what Tesla built. The next version won't need either. Right now, the Bank for International Settlements is testing programmable money with seven central banks, including the New York Fed. Money that can be programmed can also be switched off. So, here's what we do, depending on where you are.
If you're still figuring it out, start free. We broke down where all of this is heading in our Order of the Bees video. The bee on the president's hand, the symbols, and the [music] programmable money behind it. It's on screen now, and the lesson is the same one Tesla's papers And if you hold $50,000 [music] or more in crypto, and you want a real plan for it, that's what we built the accelerator for. It starts with one word, secure.
Your crypto in your own custody, not on an exchange that can freeze it with one phone call. Then grow, then scale. One member came in holding XRP above where it trades today, with no plan beyond waiting. The team walked him through how XRP DeFi works, and he now runs yield [music] strategies on the XRP he already owned. In his own words, inside the community.
Results vary, and DeFi has its own risks, which the team covers first. The first link in the description books a free strategy call. They'll look at what you hold, and show you your options. No pressure, and you decide what to do with it. And if that's not you yet, the free video is the right place to start.
Crypto carries risk and past results don't [music] guarantee future results. This is education, not financial advice. Tesla never got his papers [music] back. You still have your keys. The only question is which side of the door you're standing on when it closes.
Stay bullish.
Education and commentary only, not financial advice. Crypto is volatile and you can lose money. Do your own research and speak to a qualified advisor before making investment decisions. Figures and quotes are as reported in the video on October 21, 2026 and may have changed since.


