Ripple Labs CEO Brad Garlinghouse The crypto industry will be stronger after the FTX meltdown if reliability and trust continue to be key focuses. He stressed the importance of having “candid conversations about solving real-world problems with cryptocurrencies and blockchain.”
Ripple CEO optimistic about crypto recovery after FTX meltdown
Ripple Labs CEO Brad Garlinghouse said Wednesday after FTX collapse during Ripple Swell. of the cryptocurrency industry recovery, an annual conference hosted by Ripple. FTX filed for Chapter 11 bankruptcy last week.
Garlinghouse repeatedly tweeted what he said on stage at the conference:
Crypto will get stronger if we continue to focus on transparency and trust. We firmly believe that Ripple continues to lead in this regard.
“Given all that has happened in the last few weeks (and over the course of this year’s ups and downs), I feel it is even more essential that we get together in person and have a candid conversation. Solving real-world problems with crypto and blockchain,” he wrote in a follow-up tweet.
Garlinghouse told CNBC on Wednesday that cryptocurrencies are not regulated. He said the idea was “exaggerated”, adding: Maturity … Transparency builds trust.
Ripple is now seeking a license in Ireland to drive his EU expansion, says company general counsel Stuart Alderoty told news outlets on Friday.
The driver of the company’s European expansion is expected to be a new regulatory framework provided by the Markets in Crypto-Assets (MiCA) bill, which seeks to harmonize rules for crypto-assets across EU countries. . “I think MiCA is a very good start,” Alderoty said.
In the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple, Garlinghouse, and co-founder Chris Larsen over the sale of XRP, both Arderoti and Garlinghouse It is expected to arrive in the first half of 2023, expecting a verdict. A final legal brief he expects to be filed by November 30th. A judge can then decide or refer the case to a jury trial. “In our case, we are at the beginning of the end of the process,” Arderoti opined.
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