Brad Garlinghouse says Ripple is ready to reach an agreement with the SEC, but on one condition …

In an interview with Fox Business on September 24th, Brad Garlinghouse, CEO of Ripple, said that Ripple would be willing to reach an agreement with the US Securities and Exchange Commission if there was “absolute certainty” about XRP.

“As far as we can find a constructive way with the SEC, we naturally want to do that. Even so, there is no such thing as a forgiving scenario unless there is absolute certainty about the future of XRP.

Ripple is determined to educate the market and evaluate the benefits of XRP:

“We have a clear vision of how XRP can become an incredibly powerful tool … There are so many other people in the crypto community and the XRP community doing great things with XRP.”

Garlinghouse emphasized that XRP Ledger is a decentralized open source technology that was in place before the company was founded and that compares its native cryptocurrency to oil and gold.

According to Garlinghouse, the SEC’s vague statements about ether show a lack of regulatory clarity. He believes the agency has changed its mind about the securities status of cryptocurrencies:

“I think there was and is a lack of clarity.”

( Ripple) Speaking of potential conflicts of interest, Garlinghouse believes the timing of the lawsuit is questionable.

Although the Ripple boss complains about the ambiguity, the Ripple boss contradicts the view that the cryptocurrency is like the “Wild West” and claims that the industry is regulated:

“Regulated cryptocurrencies … the SEC may want more power over the sector.”

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Annie

According to U.today

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