Ripple chief executive officer Brad Garlinghouse indirectly dragged the matter of FTX & its sister companies’ downfall & noted that it will help bring a better future for crypto.
Brad Garlinghouse is CEO of San Francisco-based Fintech company Ripple. Ripple is a popular crypto company that is known to provide cross-border payment services for small & big companies with the use of XRP token, a native token of XRP Ledger.
On 16 November, During the 6th Annual RippleSwell event, Ripple CEO Brad Garlinghouse shared the stage & talked about the Ripple’ ongoing development works & also the ongoing situation in the crypto sector.
On the incidents that happened this year (including Ripple vs SEC lawsuit, Terra (Lunc) collapse, the bankruptcy of crypto lending platforms, and FTX & its affiliated companies’ downfall), Ripple CEO said that it reached us to gather together to work on the solution of real-world challenges with the use of crypto & blockchain technology.
Garlinghouse believes that such things will help to force the crypto companies & projects to go through high transparency & trust with the users, where Ripple always remains the leader.
Further Ripple Boss talked about the achievements that Ripple company achieved through its trusted services, like transactions of $30 billion funds for global businesses, banks & institutions, etc.
“Despite some headwinds, I’m immensely proud of the @Ripple team who day in and day out focus on helping our customers move value around the world – whether remittances, individual payments, bulk funding, treasury management, and more. #CryptoMeansBusiness,” Ripple CEO said.
In December 2020, The United States Securities and Exchange Commission (SEC) filed a lawsuit against this company. More than 2 years of the period have been completed but still, this lawsuit is running as a big hurdle for the Ripple company.
Through the lawsuit, SEC claimed that XRP is a Security token & should be registered with the SEC agency secondly the company violated securities law by selling huge amounts of unregistered XRP security tokens publicly.
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