Brad Garlinghouse, the CEO of Ripple, recently responded to critical comments made by a former SEC official. In a series of tweets, Garlinghouse defended Ripple against accusations of being a security and emphasized the company’s commitment to transparency and compliance with regulations.
The former SEC official had suggested that Ripple was not being truthful about its relationship with XRP and questioned the legality of the cryptocurrency. Garlinghouse fired back, stating that Ripple has always been transparent about its use of XRP and has worked closely with regulators to ensure compliance.
Garlinghouse also highlighted Ripple’s efforts to work with financial institutions and governments around the world to promote the adoption of blockchain technology. He stressed that Ripple is committed to operating within the boundaries of the law and is confident in the future of XRP as a digital asset.
Overall, Garlinghouse’s response serves as a strong defense of Ripple and its practices in the face of criticism from a former regulatory official. The CEO’s comments underscore Ripple’s dedication to regulatory compliance and transparency in the evolving cryptocurrency landscape.