-AD-
-AD-
InicioNewsUS Government's Approach to Tether: Ripple CEO Brad Garlinghouse Shares Insights

US Government’s Approach to Tether: Ripple CEO Brad Garlinghouse Shares Insights

- Advertisement -
  • Ripple’s lawsuit victory over the SEC united employees as transparency built solidarity within the company.
  • Despite regulatory challenges, Garlinghouse believes the SEC will not be able to hinder the growth of cryptocurrency.

In an interview on the “World Class” podcast, Ripple CEO Brad Garlinghouse highlighted his concerns about the U.S. government’s intentions towards Tether, the leading issuer of the USDT stablecoin. He said, “The U.S. government is going after Tether. That is clear to me.” Garlinghouse emphasized Tether’s importance in the cryptocurrency market while expressing uncertainty over the effects of government action on the industry.

Garlinghouse, Ripple’s CEO since 2016, recounted his initial doubts about Bitcoin’s ability to replace traditional banking in 2012, leading him to align with Ripple’s approach of integrating cryptocurrencies into existing financial systems.

He chose to work with Ripple over joining Uber after learning about the “Internet of Value” concept from Ripple co-founder Chris Larsen and recognizing the potential of the XRP token.

During the interview, Garlinghouse admitted that leading Ripple had been challenging and lonely compared to his time at Yahoo when he had more colleagues. He described the emotional toll of facing a lawsuit by the U.S. Securities and Exchange Commission (SEC) and said that Ripple employees felt united because the company was transparent about its legal battle.

He breaking down in tears when Ripple partially won the lawsuit against the SEC on July 13, 2023, marking a high point for the company and its staff.

Despite the regulatory hurdles, Garlinghouse is optimistic about the future of cryptocurrency, noting that the SEC’s attempts to regulate the industry would likely fail over time. He believes that current regulatory issues are temporary challenges and dismissed the potential threat of quantum computing to the sector.

This interview provides insight into Garlinghouse’s views on the complexities of the cryptocurrency industry while reflecting the ongoing regulatory scrutiny faced by prominent companies like Ripple and Tether.

 

The current price of Ripple (XRP) is approximately $0.5034 USD. Based on recent technical analysis and market trends, I expect the price of XRP could rise slightly in the coming weeks, potentially reaching around $0.55 USD.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
RELATED ARTICLES

LATEST ARTICLES