Ripple Achieves ‘Strongest Year Ever’ Despite SEC Lawsuit Over XRP, Says CEO

Ripple has achieved the “strongest yr ever” regardless of the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC), in keeping with CEO Brad Garlinghouse. “Calling crypto the ‘Wild West’ is a farce,” he stated, emphasizing that “most are complying with monetary regulators globally.”

Ripple Has Best Year Despite SEC’s Lawsuit Over XRP

Ripple CEO Brad Garlinghouse talked about his firm’s achievement and cryptocurrency regulation in a sequence of tweets Wednesday. He defined that regardless of the lawsuit over XRP, Ripple had the “strongest yr ever.”

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit towards him, Ripple Labs, and co-founder Chris Larsen a yr in the past. The securities watchdog alleged that XRP ought to have been registered as a safety.

While insisting that the SEC’s lawsuit towards XRP “is an assault on crypto within the US, not simply Ripple,” Garlinghouse detailed:

2021 has been a watershed yr for crypto. Acceptance and consciousness of the chance to deliver billions of individuals into the worldwide monetary neighborhood has by no means been so clear. It’s been unimaginable to see lots much less ‘maximalism’, and lots of extra builders becoming a member of the trade.

The CEO proceeded to stipulate Ripple’s progress over the yr, comparable to launching new On-Demand Liquidity (ODL) corridors and its central financial institution digital forex (CBDC) resolution. “All of this progress got here from exterior the US,” he opined.

Garlinghouse then famous that SEC Chairman Gary Gensler “has taken an aggressively anti-crypto strategy and corporations are already shifting exterior the US.” He asserted that “the SEC at the moment gained’t reply questions concerning the authorized standing of ETH, a lot much less the rest,” elaborating:

Calling crypto the ‘Wild West’ is a farce – most are complying with monetary regulators globally. This trade shouldn’t be punished for asking for regulatory readability & regulation that’s constantly utilized with a stage taking part in subject.

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