JAKARTA – The feud of the US Securities and Exchange Commission (SEC) with Ripple is heating up. Recently the CEO of Ripple, Brad Garlinghouse, stated that his party seemed to have lost the battle at the court with the SEC.
Garlinghouse issued the statement when interviewed by Bloomberg. On the other hand, he didn't expect Ripple's adoption outside America to grow so fast. Even the company is also hiring more people for these needs.
Commenting on the feud at the court, the Ripple CEO stated that the idea that XRP is an unlisted security is misguided. As a result of the SEC lawsuit, the XRP token has no liquidity in the US after all exchanges suspended trading in early 2021.
Garlinghouse further explained that around ninety-nine percent of Ripple's customers are non-US payment companies. The case also affects the entire industry related to the company. He rejects the idea that the ongoing fight is all about Ripple.
Ripple says the SEC is hiding behind claims of disclosure and transparency, even though the SEC is hiding its records regarding the matter.
“Justice pending is justice denied. Unfortunately, justice is being delayed here by the SEC's continued efforts to push it all out," Garlinghouse said.
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