In an interview with HBO, Ripple CEO Brad Garlinghouse criticized the US Securities and Exchange Commission (SEC) for saying that XRP trading would continue if Ripple was also destroyed.
to the the report In the last episode of “Axios on HBO,” Utopi said that Ripple CEO Brad Garlinghouse said that XRP trading would continue even if the company was liquidated over its tokens securities case.
“Garlinghouse has said in this regard:
If you own a security, ownership [بخشی از] You have been given a company, am I right? If Ripple crashes, XRP trading will continue.
Garlinghaus added that the United States was the only country in the world to claim that XRP could be a security.
Ripple faced a complaint from the US Securities and Exchange Commission in December. At the time, the US Securities and Exchange Commission accused the company of selling unregistered securities of XRP tokens.
However, as the ruling for Tetragon, a financial investment firm, shows, the court will have the final say in determining the legal status of tokens.
Ripple chief executive, who was sued along with former CEO Chris Larsen, said the move by the Securities and Exchange Commission would have a negative impact on the industry as a whole.
He said in this regard:
This is not just a bad thing for Ripple. It is generally bad for digital currencies in the United States, it directs this activity and it pushes the entrepreneurial activity out of the United States. I think it is generally a bad sign for the future of the digital currency industry.
Ripple has been able to sign cooperation agreements with 15 banks outside the United States since the complaint of the Securities and Exchange Commission, despite legal problems in its own country.