Ripple CEO Reinstates Commitment To XRP Despite Doubts

• Brad Garlinghouse of Ripple speaks to speculations, and claims that the company does not have abandoned its project.

• The statement of a pro-XRP attorney in 2023, that Ripple could not abandon XRP was in agreement with this. 

Recently, there has been a commitment to Ripple Labs The ability of XRP to be transformed and secured has come under serious question. Some crypto-community members believe that this project is abandoned. CNF did a quick search and found that this was sparked by a statement from Ripple’s Brad Garlinghouse made in an interview to CNN. The year 2021 is cited as the source of this belief. Garlinghouse suggested that abandoning XRP and switching to alternatives in the United States could be a part of their contingency plans following the reports that US Securities and Exchange Commission was suing Ripple. unregistered XRP sales. 

This could certainly be part of a solution. It is strange that the SEC chose winners in this case: they said Bitcoin was not a financial instrument, and Ether wasn’t either. But, everything else is at risk, according to me. This is especially true, when you consider what the SEC did in their suit against Ripple. You know, I think we can do it.

Ripple’s announcement that it will launch a new stablecoin this year is causing speculation. According to a segment of the XRP Community, Ripple has decided on stablecoin for international payments. Unconfirmed reports claim that the stablecoin, which will debut on both the XRP Ledger (XRP) and Ethereum, would allow clients based in US to settle cross-border payments via Ripple Payments’ On-Demand liquidity solution. 

Ripple CEO Dismisses Rumors 

A second reason behind this speculation comes from the absence of XRP in Ripple’s Liquidity Hub. Ripple had announced before the launch that its platform would include XRP as well other assets, including Bitcoin and Ethereum. Ripple cited regulatory reasons for excluding the asset. 

An XRP enthusiast reacted:

And they said XRP wasn’t included because of legal BS… Well now it’s the only one with legal clarity and they still haven’t added it to the liquidity hub.

Responding Garlinghouse reaffirmed the commitment of the Ripple company to the coin, despite the speculation at the XRP Las Vegas 2020 event. Ripple’s CEO stated that those who believe the company is not committed to the coin are wrong. “is not 100% behind XRP is just missing it.”

🚨HUGE! RIPPLE CEO CONFIRMS: “100% COMMITMENT to $XRP ” 🚨📈

Anybody Who Thinks @Ripple It is not 100% behind $XRP It’s just missing. The plot has been lost! – @bgarlinghouse

Ripple behind you? #XRP Do you have concerns about the launch of A? “Ripple Stablecoin” On… pic.twitter.com/JsPnZpmx9M

— Good Morning Crypto (@AbsGMCrypto) May 6, 2024

This is interestingly in line with a statement made by Pro-XRP attorney John Deaton from 2023, claiming Ripple was committed and wouldn’t abandon the project. Deaton used the past of project valuation to back up his assertion. He then referred to a large amount of XRP owned by the company and stated that it was impractical to give up XRP. 

Ripple’s pre-IPO share price is clearly less than $15B. It is insane to give up #XRP when you own 48B-50B. Ripple’s asset value will be $100B if #XRP hits $2. It’s easy to see.

Press time XRP was trading You may also like: $0.52 After declining by 2.6% over the past 24 hours, 13% Last 30 Days 

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