Ripple CEO Reveals New Details on Interactions With SEC, Says Company Offered Incentives to Firms Using XRP

Ripple CEO Reveals New Details on Interactions With SEC, Says Company Offered Incentives to Firms Using XRP


Brad Garlinghouse is addressing the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple.

In a lengthy tweetstorm, Ripple’s CEO offers new details on the company’s interactions with the SEC prior to the lawsuit, which alleges Ripple sold XRP as an unregistered security.

“I’m not going to litigate the SEC’s unproven allegations on Twitter, and as you can imagine, there are new considerations to what can/should be said publicly after the litigation process starts. However, I would like to address five key questions I’ve seen.

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Q: Why didn’t Ripple settle with the SEC?

Can’t get into specifics, but know we tried – and will continue to try w/ the new administration – to resolve this in a way so the XRP community can continue innovating, consumers are protected and orderly markets are preserved.”

The CEO says XRP remains a highly liquid asset. To date, support for the cryptocurrency has been dropped by more than two dozen exchanges.

“XRP

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