The CEO stated that despite the SEC filed a lawsuit against XRP, Ripple achieved “the strongest year ever”-Regulating Bitcoin News


Despite litigation, Ripple achieved “the strongest year ever” Ripple According to CEO Brad Garlinghouse (Brad Garlinghouse), provided by the US Securities and Exchange Commission (SEC). “Calling encryption the’Wild West’ is a farce,” he said, emphasizing that “most people are complying with the regulations of global financial regulators.”

Although the US Securities and Exchange Commission’s litigation has ended, Ripple has performed best Ripple

On Wednesday, Ripple CEO Brad Garlinghouse (Brad Garlinghouse) talked about his company’s achievements and cryptocurrency regulation in a series of tweets.He explained that despite the lawsuit Ripple, Ripple is “the strongest year ever.”

A year ago, the US Securities and Exchange Commission (SEC) filed a lawsuit against him, Ripple Labs, and co-founder Chris Larsen.Securities regulator claims Ripple Should be registered as securities.

At the same time insisting that the SEC’s lawsuit is aimed at Ripple “It’s an attack on U.S. cryptocurrency, not just Ripple,” Garlinghouse elaborated:

2021 is a watershed for cryptocurrency. Accepting and realizing the opportunity to bring billions of people into the global financial world has never been clearer. It is incredible to see less “minimalism” and more builders joining the industry.

The CEO continued to outline Ripple’s progress during the year, such as emission The new on-demand liquidity (ODL) corridor and its central bank digital currency (CBDC) solution. “All of this growth comes from outside the United States,” he believes.

Garlinghouse later pointed out that Gary Gensler, Chairman of the US Securities and Exchange Commission, “adopted an aggressive anti-encryption approach, and the company is already moving to regions outside the United States.” He asserted, “Today the SEC will not answer the question. Ethereum, Let alone anything else,” elaborated:

Calling crypto the “Wild West” is a farce—most of them are complying with global financial regulators. This industry should not be punished for requiring clarity of regulation and consistent application to a level playing field.

What do you think of Garlinghouse’s comments? Please let us know in the comments section below.

Kevin Helms

As a student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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