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Ripple CEO Brad Garlinghouse responds to SEC call, crypto predictions, next black swan
Ripple CEO Brad Garlinghouse answers important questions on topics such as Ripple’s membership and expansion, fighting the long-running lawsuit against the US Securities and Exchange Commission (SEC), and crypto market predictions and the future of blockchain technology.
Garlinghouse also discussed XRP’s impact on the universe, lessons learned over the years in Silicon Valley, and the secrets to finding lasting success and happiness.
Insights from Ripple CEO Brad Garlinghouse into the SEC lawsuit
Brad Garlinghouse, CEO of Ripple Labs, in an interview with Chris Vasquez, host of the World Class Podcast, explained that the company took risks to fight the securities regulator SEC for clarity and stop the “bully” SEC from attacking the crypto market .
He said Judge Torres’ summary judgment on July 13 was a key learning experience and one of the best days. Garlinghouse added that the SEC has been trying to settle the lawsuit to “create a narrative that Ripple has been a bad actor.” Despite the appeals and other arguments, Brad Garlinghouse is confident that the SEC will lose in the long run.
In response to cryptography becoming a party issue In the US, Brad Garlinghouse claims that this will ultimately be the issue that will turn voters away from Democratic swing states. He blames the senator Elizabeth Warren for politicizing it and the Democrats fail to understand that she is “leading them off a cliff”.
Read too: Bloomberg reveals reasons behind falling prices of Bitcoin, ETH, SOL, XRP and SHIB
Crypto Market Predictions
Ripple CEO reaffirmed the crypto market can hit one Market value of US$5 trillion until the end of the year. He advised people to think about long-term investments; trading is what he does not recommend going straight into crypto trading.
It indirectly suggests a rally in XRP prices as the impact of the SEC lawsuit fades this year. XRP Price is still undervalued due to the court case with the price currently trading close to $0.50.
He believes there will be black swan events in the crypto industry. He said: “I think there will be another Black Swan, of course, 100%. I just don’t know exactly what it is.
He predicted that the SEC is going after the USDT issuer Lashing, believing that it is the only one that will be interesting to watch. Furthermore, he does not believe that there is a risk of Quantum computing for the crypto market in general.
Read too: See why the price of Bitcoin is falling drastically
Update of XRP processes and solutions
Attorney James Murphyalso known as “MetaLawMan”, believes Judge Torres could reject the SEC’s restitution argument that institutional investors suffered pecuniary harm due to its use of SEC v. iFresh to substantiate the refund, which is “not for publication”.
Additionally, the SEC attacked Ripple’s plan to issue stable coin to seek injunctions, trying to sabotage XRP ODL sales. Ripple may use the court’s opinion and ruling in the Binance lawsuit to counter the SEC’s claims that the new stablecoin is an unregistered crypto asset.
Read too: Binance under surveillance by US Department of Justice Monitor Forensic Risk Alliance