Ripple CEO Brad Garlinghouse attending Blockchain Week in Paris; While sharing his comments on XRP, Bitcoin and the general market, he also made statements about the lawsuit between him and the US Securities and Exchange Commission (SEC). Here are the details…
Ripple CEO talked about his ongoing lawsuits with the SEC
Ripple CEO Brad Garlinghouse is confident that his firm will get results in the ongoing legal battle with the SEC. Speaking to CNBC at the Paris Blockchain Week event, the CEO said, “The case went much better than I had hoped when it started about 15 months ago.” He added that the wheels of justice move slowly, referring to the protracted nature of the legal battles and the associated bureaucracy in the US. As we reported as Kriptokoin.com, the company has been involved in a legal battle with the US regulator for more than a year.
Ripple has filed a lawsuit this week after a judge ruled that the SEC cannot edit the content of emails that allegedly have conflicts of interest over how the regulator deals with XRP and other tokens. achieved victory. Garlinghouse also says that the law on whether crypto is a security is unclear, so the case is rough.
Difference between Bitcoin and XRP
Drawing attention to the differences between Bitcoin (BTC) and XRP, which is the largest crypto currency with its market value, outside of court speeches, Garlinghouse said that XRP with low transaction cost was promoted by Ripple. states that it is used to provide fast and secure payment. On the other hand, he drew attention to the high transaction fees and the slowness of the transaction in terms of the use of BTC in the payment process.
, however, implied that BTC is well positioned as “digital gold”. The CEO, who made positive comments for the general crypto money market, states that behind this thought are factors such as inflation, cryptocurrencies solving various problems in corporate companies. At the time of writing, XRP is changing hands at $0.78, up 7.9 percent. Meanwhile, Bitcoin is changing hands at $40,292, down 2.1 percent.
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