Ripple CEO States Company's Transparency Has Hindered Them

Ripple CEO, Brad Garlinghouse, feels the recent string of controversy Ripple has faced is all due to the transparency that the company has operated with.

In an interview for the OFF the Chain podcast, Garlinghouse stated that because ripple is “ten or a hundred times more transparent than anyone in the crypto community,” It has opened them up for attack.

Ripple has been facing accusations of market manipulation in recent years due to the company’s majority hold on XRP coins and occasional dumping of them. When discussing the Controversy Garlinghouse reassured listeners that the firm only dumps tokens and depreciates XRP’s value because it is “the most interested party in the success and health of the Ripple ecosystem.”

Ripple has a very hit or miss relationship with the XRP coin which members of the company were apart of making. However, Ripple seems to deny the relationship between the two. Garlinghouse said, “Exxon owns a lot of oil, that doesn’t make oil a security,” regarding the company’s relationship with XRP.

By Ramsey Baker

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