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Brad Garlinghouse Profile picture
@bgarlinghouse
Aug 27, 2019 • 4 tweets • 2 min read • Read on X
I'm always struck by the questionable sources (i'm being generous here) spreading FUD about #XRP and @Ripple. Even more so over the last few weeks (Ripple's XRP sales, litigation etc).... thus, I feel compelled to comment
1/ As a defendant in the class action lawsuit, I won't get into the details (response from Ripple is coming soon). I will say: SEC guidance isn't issued by the Commission and isn't law, rule or regulation. It's clear XRP is not a security and the UK and others have said as much.
2/ XRP sales are about helping expand XRP's utility - building RippleNet & supporting other biz building w/XRP ie Dharma & Forte. Reality is we DECREASED our sales by volume Q/Q and since then the inflation rate of XRP circulating supply has been lower than that of BTC and ETH.
3/ @Ripple continues to set industry standards in reporting and transparency (one example is our quarterly markets report). We lay it all out, and it’s not our “view” but fact. @business ripple.com/insights/q2-20… @bloomberg

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More from @bgarlinghouse

Brad Garlinghouse Profile picture
Jun 16, 2023
Trying something new – some thoughts from me on the events (specifically the release of the Hinman documents) of this week. For me, this has all had a personal bent to it - and felt like it warranted some personal comments.
What’s most important is that it’s truly the first time the SEC was forced to be transparent about their lack of internal coherence or faithful application of the law, acknowledging they may not have the jurisdiction to fill the “regulatory gap” over crypto at all.
They have preached (and demanded) transparency from those they regulate, but fight tooth and nail when held to the same standards.
Read 4 tweets
Brad Garlinghouse Profile picture
Feb 9, 2023
Stepping back for a moment from what’s happening in the US – just in the last few weeks, the number of positive (or at least headed in the direction of CLARITY) global regulatory developments is energizing!
1/ Continuing its history of being tech-forward, Dubai just published an extensive new set of tech-agnostic rulebooks for crypto market participants, covering compliance standards, advertising, issuance, and much more.
2/ Australia’s Treasury is looking to reform licensing and custody for crypto and bolster consumer protection – they recently published a token mapping consultation and are looking for public input before updating existing frameworks.
Read 6 tweets
Brad Garlinghouse Profile picture
Jan 3, 2023
Today is the first day of the 118th Congress. While prior efforts at regulatory clarity for crypto in the US have stalled, I am cautiously optimistic that 2023 is the year we will (finally!) see a breakthrough. A thread on why…
1/ support for regulation is bipartisan & bicameral. Leaders like @PatrickMcHenry, @CongressmanGT, @RepTomEmmer, @RitchieTorres, @RoKhanna, @SenStabenow, @JohnBoozman, @SenGillibrand, @SenLummis, @CoryBooker have publicly supported blockchain and recognized the need for clarity.
2/ We’re not working with a blank slate. Prior bills have tried to address everything from stablecoins and CEXs (RFIA and DCEA); clearer definitions of what constitutes a digital asset security (Securities Clarity Act); safe harbors (Clarity for Digital Tokens Act) and more.
Read 7 tweets
Brad Garlinghouse Profile picture
Nov 16, 2022
Our 6th annual #RippleSwell is underway! I took the stage this morning with @cnbcKaren to discuss all things Ripple, crypto utility, macroeconomic factors affecting crypto, and much more. A thread…
With all that’s happening in the past few weeks (and over the course of this year’s ups and downs), it feels even more imperative that we’ve gathered together in person to have honest conversations about solving real world problems with crypto and blockchain.
As I said on stage – I firmly believe that crypto will be stronger because of this if we keep focusing on transparency and trust. Ripple has and will continue to lead in this regard.
Read 6 tweets
Brad Garlinghouse Profile picture
Jun 13, 2022
Days like today are never what you hope to see, esp. in an industry w/ as much incredible talent as crypto. If you recently joined the industry and haven’t seen a downturn like this, know that this too shall pass (advice from someone who’s seen a few downturns over the years).
It’s never easy, but there are a few key reasons why Ripple has weathered the cyclical bear markets, as we will do here and continue growing. 1/ having an experienced exec team that has been through the dot com bubble, 2008 financial crisis, 2018 crypto winter and more.
2/ Focusing on the long term - Ripple has been building enterprise products with long-term utility NOT speculation. These are products that solve problems today, not ones in search of a problem. FYI - Q2 ODL volume (well over $1B) already surpassed its target 3 weeks before EOQ.
Read 6 tweets
Brad Garlinghouse Profile picture
Mar 9, 2022
Like many of you, I thought the Biden Admin’s EO would acknowledge crypto, but not detail specifics on next steps for regulation. However, I was pleasantly surprised & inspired by the EO acknowledging the *need* for evolution and alignment of the govt’s approach to crypto.
First and foremost, this is an affirmation that crypto is here to stay. Thoughtful policy involves timely input from players (and there’s a lot!) across the federal govt. I don't want to mistake activity for progress, but this does feel like it could be a turning point.
The White House finally says what we and the industry have been saying for years - if the US wants to maintain its status as a responsible tech leader, it needs to provide a clear regulatory framework for an industry that’s exploding in growth (40M Americans and counting!).
Read 4 tweets

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