Ripple News

Ripple Was Mistreated Which Gave Ethereum A Change To Grow – Ripple CEO.

The Ripple (XRP) manager says his company was mistreated which gave Ethereum (ETH) a chance.

Ripple CEO Brad Garlinghouse has been speaking out on the situation of the crypto market and regulations, and it appears that the financial regulator’s approach to Ethereum has sparked resentment.

On October 21, Ripple’s management revealed during the inaugural DC Fintech Week conference that Ethereum had been given a green control light, allowing it to pass his company’s XRP cryptocurrency.

The US Securities and Exchange Commission has been pursuing Ripple over claims that XRP is unregistered security. In January, Ripple filed an application for the Freedom of Information Act with the SEC seeking to know why it did not consider ETH as protection. Six months later in July, a regional judge allowed the company to dismiss a former SEC official who announced in 2018 that ETH was not for security.

Garlinghouse clearly feels that his company has been hard-pressed by and that Ethereum’s subsequent success has at least partially gone to good treatment by the SEC. He said it affected the market, adding:

“A few years ago, XRP was the second largest digital asset. As it became clear that the SEC had given ETH permission to pass through the hall, it was clear that ETH had exploded and that became clear. ”

In late December 2017, XRP was the second most valuable cryptocurrency by market capitalization. It has now slid to 7th position, while Ethereum has remained at 2nd position, as per CoinMarketCap.

Garlinghouse also said the SEC has been taking a strong stance against crypto over recent actions against his company and Coinbase. Commenting on Ripple’s fight with the finance director, he said the SEC said it was protecting consumers but:

“You have about 50,000 Americans holding XRP who are trying to sue the SEC for ‘protecting’ them.”

A US regional judge ruled earlier this month that the people who own the XRP token corporation may not be named as defendants in court.

Leave a Comment

Your email address will not be published. Required fields are marked *