The CEO of Ripples said that he is incredibly bullish about Ripple’s Interjectory. The CEO Brad Garlington, believes that the company is in a good position to take on the Bearish atmosphere that surrounds the crypto industry.
This was disclosed in a tweet by Garlinghouse, according to him, “Coming out of the coldest crypto winters yet, I am Incredibly Bullish About Ripple’s Trajectory”
He went further to communicate the company’s commitment to providing long-term opportunities for crypto utility by partnering with individuals that share the same mindset.
Adding that their vision as Ripple will be achieved with these concepts.
Coming out of one of the coldest crypto winters yet, I’m incredibly bullish about Ripple’s trajectory. Every day we’re thinking about the long-term opportunity of crypto utility, putting our money/minds behind that mission, and partnering with folks who share that vision. 3/3
— Brad Garlinghouse (@bgarlinghouse) May 17, 2023
Recall that the market has been facing fluctuation and Reversals recently, Ripples have not been exempted from the bear experience.
Read Also: Dubai Government Now Sees Ripple As A Leader In Enterprise Blockchain And Crypto Solution
Despite the setback faced by Ripple and its CEO, from the bear incident to the law-suite that XRP is an unregistered security, the company and its CEO remain untamed.
A report by Crypto Basics confirms that the company has recently acquired a crypto custody provider that will aid investors to manage, trading, and, store digital assets.
Read Also: Ripple Defendants File Their Response To The SEC’s Letter Of Supplemental Authority. See How
What To Lose on Ripple and SEC’s Law-suite
According to a report by Garlinghouse. Ripple would have spent over $200 million in the event of defending itself against the law-suite by SEC. This has been a burden for Ripple.
If the Court ruling is in favor of SEC, Ripple will experience intense legal consequences and fines, for selling an unregistered company.
This will set a motion for other companies in the virtual world to begin to experience a similar legal embargo.
It will also set a regulatory motion on cryptocurrency globally even in the US. If the case is ruled in favor of Ripple, a model will be established for new companies that want to venture into the crypto world, which will consequently bring more innovation and benefits to the industry.
But if the SEC wins, these companies will be restricted, which will lead to discouraging potential from advancing
However, Ripple’s CEO is optimistic that the company will win the case.
[…] communicating his bullish feeling toward XRP and the more extensive crypto market, Kortan asked all to express caution and stressed […]