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Brad Garlinghouse Profile picture
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22 Dec, 3 tweets, 1 min read
Today, the SEC voted to attack crypto. Chairman Jay Clayton - in his final act - is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH. (1/3) fortune.com/2020/12/21/rip…
We know crypto and blockchain technologies aren’t going anywhere. Ripple has and will continue to use XRP because it is the best digital asset for payments - speed, cost, scalability and energy efficiency. It’s traded on 200+ exchanges globally and will continue to thrive. (2/3)
The SEC - out of step with other G20 countries & the rest of the US govt - should not be able to cherry-pick what innovation looks like (especially when their decision directly benefits China). Make no mistake, we are ready to fight and win - this battle is just beginning. (3/3)

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More from @bgarlinghouse

Brad Garlinghouse Profile picture
12 Oct
Lots of speculation last week as Team @Ripple considers some very important decisions about our future. I want to clarify a couple of things related to some of what I read. (1/5)
Ripple is a proud US-based company. Ripple abides by and supports critical laws - like strong BSA/AML controls - that keep bad actors out and consumers safe. We are NOT looking to evade US regulation. (2/5)
However, last week’s DOJ report lists 8 separate US reg bodies each with a different view: crypto is property, crypto is a commodity, crypto is a virtual currency, crypto is a security, etc. Regulation shouldn’t be a guessing game. bit.ly/377Al2P (3/5)
Read 5 tweets
Brad Garlinghouse Profile picture
27 Aug 19
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.
Read 4 tweets
Brad Garlinghouse Profile picture
15 Jul 19
Just watched @stevenmnuchin1’s press conference on regulating crypto and have personally spoken to him on this topic. I’ve also been ruminating on @realdonaldtrump’s tweets on crypto last week. (1/7)
I agree that crypto isn't likely to replace fiat currencies - I have been very vocal that crypto isn’t likely to disrupt the US dollar and other G20 currencies in my lifetime. (2/7)
But as Mnuchin indicated, the entire crypto industry should not be painted with one broad brush - it has come a long way since the days of Silk Road. For the industry to succeed, we need to work with regulators and within policies. Full stop. (3/7)
Read 7 tweets

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