Ripple and XRP Momentum
Ripple and XRP, having emerged victorious from their legal battle with the SEC, continue to experience significant growth. Ripple is frequently mentioned with new partnerships, and US spot ETFs for XRP are expected to begin trading this week. While XRP and Ripple are gaining good momentum, important statements have come from Ripple CEO Brad Garlinghouse.
Garlinghouse's Stance on Legislation
Brad Garlinghouse stated that Ripple will not support any legislation that risks eliminating or jeopardizing the legal clarity and transparency that XRP currently provides in the US. Speaking in an interview with Crypto In America, Garlinghouse described XRP’s regulatory position as a milestone won through years of legal battles. The famous CEO emphasized that Ripple will not allow XRP to be compromised.
Garlinghouse further noted that XRP is now in a unique position after a US federal court ruled that XRP is not a security. He added that although the court decision is thought to provide clarity specifically for XRP, this clarity benefits not only XRP and Ripple, but the entire crypto industry. At this point, Garlinghouse stated that Ripple will not accept or support any bill that would pose a risk to XRP's current legal status.
“Ripple is in a unique position. XRP has clarity. We already have a federal court that said XRP is not a security, so why would we support something that challenges or blocks that?”