Ripple has hit “the strongest year ever,” even though the lawsuit has ended XRP by the US Securities and Exchange Commission (SEC), according to CEO Brad Garlinghouse. “Calling crypto the ‘Wild West’ is a farce,” he said, emphasizing that “most comply with financial regulators around the world.”
Ripple has had best year, even though SEC lawsuit has ended XRP
Ripple CEO Brad Garlinghouse spoke about his company’s performance and cryptocurrency regulation in a series of tweets on Wednesday. He stated that despite the legal battle XRP, Ripple had “the strongest year ever”.
The US Securities and Exchange Commission filed a lawsuit against him. Ripple Labs and co-founder Chris Larsen a year ago. The securities commission claimed that XRP should have been registered as a security.
While they insist that the SEC’s lawsuit is against XRP “Is an attack on crypto in the US, not just” Ripple “, Garlinghouse detailed:
2021 was a turning point for crypto. The acceptance and awareness of the possibility of bringing billions of people into the global financial community has never been so clear. It was unbelievable that there was a lot less “maximalism” and a lot more builders entering the industry.
The CEO went on to outline Ripple’s progress over the year, including: start new On-Demand Liquidity (ODL) corridors and its solution for the Central Bank’s digital currency (CBDC). “All of this growth came from outside the US,” he said.
Garlinghouse then noted that SEC chairman Gary Gensler “has taken an aggressive anti-crypto approach and companies are already moving outside of the US.” He claimed that “the SEC today did not raise any questions about the legal status of ETH, let alone everything else, “explains:
Calling crypto the “Wild West” is a farce – most people around the world adhere to financial regulators. This industry should not be penalized for demanding regulatory clarity and regulation that is applied consistently on a level playing field.
What do you think of Garlinghouse’s comments? Let us know in the comment section below.
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Source: Crypto News Austria