Ripple has achieved the “strongest 12 months ever” regardless of the lawsuit over XRP by the U.S. Securities and Trade Fee (SEC), in response to CEO Brad Garlinghouse. “Calling crypto the ‘Wild West’ is a farce,” he mentioned, emphasizing that “most are complying with monetary regulators globally.”
Ripple Has Greatest 12 months Regardless of SEC’s Lawsuit Over XRP
Ripple CEO Brad Garlinghouse talked about his firm’s achievement and cryptocurrency regulation in a sequence of tweets Wednesday. He defined that regardless of the lawsuit over XRP, Ripple had the “strongest 12 months ever.”
The U.S. Securities and Trade Fee (SEC) filed a lawsuit in opposition to him, Ripple Labs, and co-founder Chris Larsen a 12 months in the past. The securities watchdog alleged that XRP ought to have been registered as a safety.
Whereas insisting that the SEC’s lawsuit in opposition to XRP “is an assault on crypto within the US, not simply Ripple,” Garlinghouse detailed:
2021 has been a watershed 12 months for crypto. Acceptance and consciousness of the chance to deliver billions of individuals into the worldwide monetary neighborhood has by no means been so clear. It’s been unimaginable to see loads much less ‘maximalism’, and lots of extra builders becoming a member of the business.
The CEO proceeded to stipulate Ripple’s progress over the 12 months, corresponding to launching new On-Demand Liquidity (ODL) corridors and its central financial institution digital forex (CBDC) resolution. “All of this development got here from outdoors the US,” he opined.
Garlinghouse then famous that SEC Chairman Gary Gensler “has taken an aggressively anti-crypto method and corporations are already transferring outdoors the US.” He asserted that “the SEC right now gained’t reply questions in regards to the authorized standing of ETH, a lot much less anything,” elaborating:
Calling crypto the ‘Wild West’ is a farce – most are complying with monetary regulators globally. This business shouldn’t be punished for asking for regulatory readability & regulation that’s persistently utilized with a degree enjoying discipline.
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