Ripple CEO addresses SEC lawsuit, alleges Tetragon of exploitation


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.

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.

Signup for the USA Herald exclusive Newsletter

Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it.