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Ripple’s CEO Brad Garlinghouse told NBC’s Trina Robinson that XRP was the second most valuable crypto token before the U.S. SEC’s interference. Garlinghouse said the government was arbitrarily picking crypto winners and losers instead of providing a level playing field for digital assets like it was meant to. The Ripple boss expressed his disappointment, saying that the lengthy legal battle between Ripple and the U.S. SEC had been frustrating for the XRP family. He mentioned that Ripple had spent upwards of $150 million to fend off the U.S. SEC’s unlawful war, but he remained optimistic about the case’s positive conclusion in the near future. Garlinghouse claims the SEC’s regulatory scrutiny was a turning point for XRP ✅ @Ripple CEO – Brad Garlinghouse says: “Before the SEC got involved in the crypto markets, #XRP was the second most valuable digital asset!“ pic.twitter.com/Wr88nAlMVD — 𝗕𝗮𝗻𝗸XRP (@BankXRP) November 17, 2024 Garlinghouse was adamant about the U.S. SEC’s negative effects on XRP prices, pointing out that the token’s price had plummeted 15% since the ‘rogue’ agency’s appeal nearly a fortnight ago. He insisted that XRP was ahead of ETH as the second most valuable crypto project before the U.S. SEC filed what he termed as an unethical lawsuit against Ripple. Garlinghouse disapproved of the agency’s approach to its case against Ripple, saying that it was the government’s job to ensure equal opportunities. The Ripple boss emphasized the difficulty of growing XRP domestically to its full potential against the U.S. SEC’s headwinds but said the company was committed to unlocking the U.S. market. Currently, over 95% of Ripple’s customers are outside the U.S., but Garlinghouse believes that this narrative will change once the conflict with the U.S. SEC is laid to rest.  The crypto mogul said he was positive about Ripple’s triumph in the long…

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Filed under: News - @ November 18, 2024 10:26 am