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Ripple CEO Brad Garlinghouse Discusses the SEC’s Lawsuit on Fox Business

Ripple CEO Brad Garlinghouse discusses the SEC’s lawsuit against his company on whether XRP is a currency or security. Video below or find it here https://video.foxbusiness.com/v/6250728497001#sp=show-clips

Key Notes:

  • Department of Justice and the US treasury have called XRP a currency
  • SEC has finally said after 7 years and over 1 trillion dollares have been traded via XRP, that XRP is a security.  Ripple was suppose to know this.
  • Ripple wants to know how ETH and BTC were determined not to be securities
  • 15 billion in value was driven out of the XRP ecosystem when Jay Clayton announced the lawsuit
  • SEC has accused Ripple of harassment towards the SEC
  • US is the only county on the planet that has viewed XRP as a security

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