Ripple (XRP) CEO Brad Garlinghouse explains what will happen if the company loses its SEC lawsuit. Many experts on the subject believe that the SEC-Ripple case will end in Ripple’s favour. However, the XRP price is acting like it has already lost the case.
XRP price is already losing the case
This can only remain an analysis, as the decision may go in favor of the Blockchain company and trigger the expected rise in the XRP price. On this subject, Brad Garlinghouse was asked in a recent interview how the XRP price might react if the SEC wins the case. Garlinghouse said that nothing would change, noting that the XRP price was already acting as if it had lost the SEC case.
Ripple operates in a world that we have already lost
As we quoted as Kriptokoin.com, several cryptocurrency exchanges and affiliates XRP after Ripple and two executives were accused. left it off the list. These companies fear incurring security fees if they don’t stop selling XRP. Garlinghouse has this to say about the restriction:
XRP has almost no liquidity in the US. Most US exchanges paused and blocked.
If Ripple opens outside the US
if it wins the SEC, the XRP token will no longer be traded in the US and Ripple will operate in countries where cryptocurrencies are not considered securities. will force it to show. The fact that XRP is not traded on US exchanges has not stopped Ripple from having a record year and will continue to do so even if the case is lost. According to Garlinghouse:
Ripple had a record year. Our main product categories continued to evolve rapidly. We broke the first quarter record. Unfortunately, almost all of this increase now comes from outside the US.
Brad Garlinghouse adds that 95% of Ripple customers are outside the US, which ensures the company’s relevance:
Unfortunately, most of this increase comes from outside the US . We hire more people from outside the US, but our clients are mostly non-US payment companies.
As a result, even if Ripple loses money, according to many litigants, XRP’s value could continue to evolve as more payment businesses use the company’s technology to enable cross-border payments.
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