Brad Garlinghouse's Thoughts on Ripple vs. Conventional Banking!

In an interview with Trina Robinson, Brad Garlinghouse, CEO of Ripple, addressed the rising concerns that XRP might disrupt conventional banking institutions. This could be the reason the SEC is pursuing legal action against Ripple. Although he denied the conspiracy allegations, Ripple's CEO did admit that the company is up against obstacles posed by US authorities.

The interviewee, Garlinghouse, expressed frustration over the challenges faced in expanding their company due to the actions of a US government entity that is not following the law. This was in reference to the SEC's determination that XRP is a security. A federal court sided with XRP, but the SEC has decided to appeal, prolonging the legal struggle.

Would Ripple Disrupt Conventional Banking?
The success of Ripple in simplifying cross-border payments may shake up conventional banking institutions, according to Garlinghouse, who was responding to an inquiry about SEC Chairman Gary Gensler's fixation on XRP.

Garlinghouse asserts that XRP's technology lessens the dependence on conventional banking institutions by providing access to financial services to the unbanked and underbanked. Garlinghouse hypothesized that XRP's status as a financial sector disruptor could be due to this innovation.

Choosing Victors and Victims: The SEC's Role
The CEO made the following statement: "XRP was the second most valuable digital asset before the SEC got involved. But their actions seem to be picking winners and losers in the market, which is not how our government should operate."

According to Garlinghouse, XRP will continue to thrive in the market because of its global popularity and the certainty that will come from clear regulations. According to him, in five years' time, the XRP community and the objective of XRP to build an inclusive financial environment would be remembered with laughter.

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