Ripple CEO Garlinghouse: 1 year later, we were right
CEO Brad Garlinghouse, who informs the Ripple group through periodic interviews or by way of his Twitter account, has revealed a piece of writing comparing 2021 on social media. Garlinghouse, who brought harsh complaint to the SEC and its chairman Gary Gensler in his comments, mentioned that Ripple had a good yr in spite of all the problems.
“i was proven right”
In his words, “Remaining year as of late, the SEC sued Ripple. Beginning via pronouncing that XRP, which has been trading on open markets when you consider that 2013, need to be a security,” Garlinghouse additionally criticized the SEC’s strict anti-crypto stance:
“After the entire disgrace in 2020, this year is solely proper. the precise transfer came and the SEC sued. But despite the fact that it was bitter, what I mentioned that day became out to be real. This used to be an assault on the crypto trade, not just Ripple. Despite The Fact That some noticed the SEC’s accusations as justified in the ones days, in addition they modified their minds today.” He said:
“In Truth, I’m proud to mention that that is Ripple’s strongest year. XRP-based totally “Liquidity-on-Call For (ODL) bills are up to 25% of RippleNET’s greenback-primarily based fee volume. in addition, ODL transactions have increased 25 instances in comparison to the 3rd quarter of 2020. to not mention new ODL corridors like Japan and UAE and our CBDC answer in line with a different version of XRPL we did with Bhutan and Palau! A Lot Of These developments also got here from outside the united states!”
“Cryptocurrency corporations is not going to be penalized for in need of legislation”
Proceeding her grievance of the SEC, Garlinghouse mentioned Gary Gensler’s “Wild West” on this topic He additionally said that he disagreed with the evaluation: Web2 used to be based in the us, but it is not transparent how Web3 will likely be. American firms are leaving each other. The SEC will proceed not to resolution any securities questions requested approximately Ethereum. It is not right kind to explain crypto as the ‘Wild West’. Such A Lot companies are compliant and need to be even more compliant. However they shouldn’t be punished for in need of it both.”