The Ripple claimed that Tetragon is taking advantage of the company via the SEC lawsuit. Moreover, he assured XRP uses that the company’s investors remains confident in the company.
Q: Do investors have faith in Ripple?
Yes, we have real shareholders. That is how you own Ripple equity – buying our stock, not buying XRP. We’re disappointed that Tetragon (who owns 1.5% of Ripple) is seeking to unfairly advantage itself through the SEC’s allegations. 7/10
— Brad Garlinghouse (@bgarlinghouse) January 7, 2021
The SEC lawsuit resulted in huge losses to Ripple and its investors. Joseph Grundfest, a former SEC commissioner suggested that the company’s investors could suffer multibillion-dollar losses from the Commission’s enforcement action, which he noted lack of allegations of fraud, misrepresentation, or omission.
Garlinghouse is planning to relocate the company to Japan since 95% of XRP customers are located overseas.
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