Ripple CEO addresses SEC lawsuit, alleges Tetragon of exploitation


— Brad Garlinghouse (@bgarlinghouse) January 7, 2021

With regards to the questions about the XRP, Garlinhouse said Ripple “provided some customers, especially first movers, with incentives to use its On-Demand Liquidity product.” 

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He also stated that Ripple has no control over cryptocurrency trading platforms listing XRP, which is open-source and decentralized. He also explained that most trading platforms such as Coinbase are just halting the XRP trading.

 What’s awaiting Ripple and CEO

The SEC lawsuit against Ripple isn’t the only problem that the company is facing. Last week, Tetragon Financial Group, a major investor in the company’s Series C investment round, filed a lawsuit against the company.