{"id":34435,"date":"2021-01-08T17:52:25","date_gmt":"2021-01-08T15:52:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34435"},"modified":"2025-08-28T20:32:34","modified_gmt":"2025-08-28T17:32:34","slug":"ripple-ceo-answers-questions-about-sec-lawsuit","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ripple-ceo-answers-questions-about-sec-lawsuit\/","title":{"rendered":"Ripple CEO answers questions about SEC lawsuit"},"content":{"rendered":"<p>Ripple CEO Brad Garlinghouse answered questions regarding <a href=\"https:\/\/u1f987.com\/en\/news\/sec-files-suit-against-ripple\">the SEC&#8217;s lawsuit from the U.S. Securities and Exchange Commission (SEC)<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>He stressed that the company would not abandon efforts to resolve disagreements with the agency&#8217;s new leadership out of court.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">Q: Why didn\u2019t Ripple settle with the SEC?<\/p>\n<p>Can&#8217;t get into specifics, but know we tried \u2014 and will continue to try w\/ the new administration \u2014 to resolve this in a way so the XRP community can continue innovating, consumers are protected and orderly markets are preserved. 2\/10<\/p>\n<p>\u2014 Brad Garlinghouse (@bgarlinghouse) <a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1347275357330657280?ref_src=twsrc%5Etfw\">January 7, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On the question whether Ripple paid exchanges for XRP listing, Garlinghouse was evasive, saying that 95% of the tokens trade outside the United States and the company has no influence over listings or holders.<\/p>\n<p>He also noted that American exchanges do not delist, but &#8216;halt trading&#8217;, hedging their risks.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Delisting and halting are 2 separate things \u2014 most are halting trading. With 8 different govt agencies, each with their own (and sometimes opposing) views of crypto, U.S. market participants are facing conflicting policies and no surprise, some act conservatively. 4\/10<\/p>\n<p>\u2014 Brad Garlinghouse (@bgarlinghouse) <a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1347275358752575488?ref_src=twsrc%5Etfw\">January 7, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p>\u201cThere is not merely a lack of regulatory clarity in the United States today, but regulatory chaos.\u201d<\/p><\/blockquote>\n<p>In the near term, the company will file an official response to the lawsuit. According to him, shareholders are fully confident in Ripple&#8217;s position, and Tetragon, which demanded immediate redemption of its preferred shares, acted opportunistically by taking advantage of the situation.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"9PDFfOASLv\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/another-lawsuit-filed-against-ripple\">Another lawsuit has been filed against Ripple<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u00ab\u041f\u0440\u043e\u0442\u0438\u0432 Ripple \u043f\u043e\u0434\u0430\u043b\u0438 \u0435\u0449\u0435 \u043e\u0434\u0438\u043d \u0438\u0441\u043a\u00bb \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/news\/protiv-ripple-podali-eshhe-odin-isk\/embed#?secret=iHSBCdLbmT#?secret=9PDFfOASLv\" data-secret=\"9PDFfOASLv\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Garlinghouse acknowledged that Ripple subsidised customers of the XRP-based payment network (On-Demand Liquidity, ODL).<\/p>\n<blockquote><p>\u201cThis is absolutely legal. This is how all payment systems are built. PayPal, Visa and Mastercard have incentivised or continue to incentivise their customers. We are creating something entirely new; it has its costs.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We built a product that is the FIRST of its kind \u2014 integrating new infra comes with costs. ODL w\/ XRP solves real problems with cost, speed, and settlement and that\u2019s proven to the tune of billions of dollars. 9\/10<\/p>\n<p>\u2014 Brad Garlinghouse (@bgarlinghouse) <a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1347275362598752256?ref_src=twsrc%5Etfw\">January 7, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As reported, <a href=\"https:\/\/u1f987.com\/en\/news\/sec-files-suit-against-ripple\">the SEC accused Ripple of selling unregistered securities worth $1.3 billion<\/a> over seven years. Preliminary hearings <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-court-sets-date-for-preliminary-hearings-in-sec-case-against-ripple\">are scheduled for February 22, 2021.<\/a><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple CEO Brad Garlinghouse answered questions regarding the SEC lawsuit.<\/p>\n","protected":false},"author":1,"featured_media":34436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1274,112],"class_list":["post-34435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-brad-garlinghouse","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34435"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34435\/revisions"}],"predecessor-version":[{"id":34437,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34435\/revisions\/34437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34436"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}