Ripple CEO thinks SEC helped Ethereum catch up with XRP

Table of Contents

Join our community

Estimated reading time: 0 minutes

Ripple CEO thinks SEC helped Ethereum catch up with XRP

According to Ripple’s CEO, Brad Garlinghouse, the SEC (The United States Securities and Exchange Commission) has deliberately allowed Ethereum to overtake XRP as the number 2 cryptocurrency, looking at market cap.

Ripple in trouble

As we probably all know, Ripple is currently the protagonist of a huge lawsuit, probably the largest crypto lawsuit to date. Not surprisingly, the CEO of the project, Brad Garlinghouse, is not happy about the regulation surrounding crypto.

He was recently a speaker at the online conference DC Fintech Week, last Thursday. Here he indicated that, in his opinion, Ethereum has been given a sort of free pass within this regulation and that this is the reason the project has been able to overtake XRP.

“Within the last few years, XRP was the second most valuable digital asset. As it became clear the SEC had given a hall pass to ETH, ETH obviously has kind of exploded and that clarity has helped.” he indicated last Thursday.

In December 2017, XRP was still the 2nd largest crypto currency, looking at market cap. In the meantime, XRP is ranked number 7, probably largely due to the lawsuit. The coin has been overtaken by Ethereum, Binance Coin, Cardano, Tether and Solana. In spot number 1, of course, is still Bitcoin.

“You have nearly 50,000 U.S. people who hold XRP who are trying to sue the SEC for ‘protecting them’.” So Garlinghouse also seems to indicate satisfaction with the people who are still showing their faith in XRP by holing up.

Not surprisingly, if the lawsuit is resolved in XRP’s favor it could just be that XRP will take off completely, though of course this is not financial advice. Do you think XRP has a bright future? Then you can already purchase your first XRP through Binance. Click on this link to get started today!


Disclaimer: Trading and investing in cryptocurrencies (also called digital or virtual currencies, altcoins) involves a substantial risk of loss and is not suitable for every investor. You are solely responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.

Are you ready to take your trading skills to the next level?

"Trade Like a PEPE" is the ultimate course that will transform you into a confident and profitable trader! 📈

🐸 Transform into a confident and profitable trader

📈 Master technical analysis, risk management, and market psychology to navigate the crypto markets like a pro.

🔍 Develop a proven trading plan and spot high-probability setups.

Safe your spot!