CEO of Ripple Brad Garlinghouse Appear To talk about the end of the legal battle against the Supreme Education Council, the head of the Securities Committee and the new stock exchange was recently appointed.
He talked about important things, often the recent positive change in the US government’s encryption position, as well as a major area in Crypto and its organization that still must be clarified.
Ripple enters the next stage of the encryption market
In a recently published tweet, Garlinghouse’s Boss Ripple thanked the Fox Business Liz Claman, who was met this week and discussed the end of the SEC case, along with the future of regulating the encryption industry in the United States.
They also discussed the recent Ripple acquisition of Hidden Road, which was purchased for nearly two billion dollars and formed one of the largest acquisitions in the history of Crypto Space. He stated that a year ago this purchase was not logical in light of the hostile encoding position on the organizers, such as SEC and IRS. But the situation has changed now.
Garinghouse stated that Ripple “crosses the SEC war on encryption and entering the next stage of the market”, which will be “real institutional flow integrated with decentralized financing.”
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Here is what happens to a fine of 125 million dollars
During the interview, Garinghouse confirmed that the SEC case has finally ended as the new administration reached the organizational agency. He strongly believes that SEC Gary Ginsner was “on the wrong side of the law” through his hostile view of the coding space and the measures they took against him.
As for a fine of $ 125 million, Ripple was supposed to pay for Genler’s SEC as a fine instead of billions of dollars required by the Supreme Education Council, the CEO of Ripple said that the company had put this amount in the warranty for future payment. But now, since the situation has changed radically for the better, they take the maximum benefit from this money, along with the acquired interest.
Garlinghouse said that SEC will continue to get $ 50 million in this amount, and the US government will receive another $ 50 million and Ripple is currently negotiating to pay these payments in XRP instead of dollars.
