Brady Swinson, co -founder of the Bitcoin’s financial services platform, launched a series of accusations against the CEO of Ripple Brad Garlinghyus on January 29 via X. Integrity Man. Over the years, his actions show a pattern of misleading investors, pushing exaggerated accounts, and profit at the expense of others. “
Ripple CEO of Ripple faces a “damaged” claim from the co -founder
It is first High The issue of dumping from the inside. As he put it, “Ripple Executive Managers, including Garinghouse, threw billions of XRP on retailers” while strengthening optimistic expectations simultaneously for the distinctive symbol capabilities. Swenson describes these measures as “classic pump and discharge”, indicating that such sales were their timing to take advantage of Ripple’s marketing efforts.
Swinson continued to discuss what he described as “wrong adoption claims”, noting the company’s repeated suggestions that the major banks were actively using XRP. He argues that financial institutions in most cases only used the infrastructure of RipPlenet payments and did not already adopted XRP, saying that “misleading at best, deceptive at worst” is how Ripple depicted these relationships.
He also touched on the general narration surrounding SEC issues, describing how Garlinghouse has developed organizational work as a purely political step. According to Swinson, this approach turns responsibility by mobilizing XRP holders in defense of Ripple and obscures the fact that SEC accused the company specifically of selling unregistered securities. “SEC has filed a lawsuit against Ripple to sell unregistered securities, and instead of assuming responsibility, Garinghouse frame it as a political attack to mobilize XRP holders behind,” he said.
Swinson’s criticism of Garlinghyus’s position on decentralization is clearly clear. It is quoted from the repeated GarlingHouse allegations that XRP is not central, just to face that “Ripple owns the majority of supply and can manipulate the market as desired.” For Swinson, this monarchy contradicts the hypothesis of true decentralization.
In the same manner, he criticizes what he sees as a continuous course of excessive seizure and weakness, stressing that Garlinghaus “spent years in making bold claims about the future of XRP that is never achieved”, while “he and other people are at the expense of retail.”
The Swenson Publication comes after the recent developments, as President Donald Trump signed the first executive ever in an encoding to create a “national digital asset stock”, with the aim of placing the United States as “the planet’s encryption capital.” In the midst of this background, the encryption industry was related to expectation and discussion about what this might mean for various digital assets, including Bitcoin and XRP.
Brad Garlinghyus, CEO of Ripple, was significantly active in the background, participating in pressure efforts to ensure that XRP is considered within the framework of this strategic reserve. This financial support has led to critics to interrogate the integrity and motives behind these moves, as some Garlinghouse and Ripple accused of taking advantage of their influence to gain Saleh XRP in government initiatives.
Garlinghyus responded to these criticisms by emphasizing that the pressure efforts in Ripple are not against the spirit of the bitcoin reserve, but instead it aims to enhance the possibility of a broader strategic reserves that include Bitcoin. He argues that Ripple activities are in line with the Trump campaign promise to strengthen American technology companies, indicating that their pressure can enhance a more comprehensive environment for digital currencies in national policy.
However, this has sparked a discussion within the encryption community, where he sees the maximum bitcoin workers such as Pierre Rohard and Ryan Silux actions as Ripple as an obstacle to a bitcoin reserve. They argue that Bitcoin, due to its decentralized nature and the condition of the powered commodity, should be the main axis of any strategic reserves, while XRP centralization and Ripple control over its current fears.
Garlinghouse did not issue any direct response or comment on the latest Swenson charges.
At the time of the press, XRP was traded at $ 3.10.
Distinctive image created with Dall.e, Chart from TradingView.com
