Brad Garlinghouse states that everything is going on track for XRP.
Despite being within the center of a $ 1.3 billion claim with the United States Securities and Exchange Commission (SEC), things appear to be going well for Ripple.
Talking to Reuters on Friday, Garlinghouse clarified that the company has not experienced any negative returns in APAC commerce in the midst of the current SEC case, “It (the lawsuit) has hindered activity in the United States, but it has not really impacted what’s going on for us in the Asia Pacific. We have continued to grow the business in Asia and Japan because we’ve had regulatory clarity in those markets. XRP is traded on over 200 exchanges around the world. It’s really only three or four exchanges in the United States that have halted trading.”
In December 2020, the SEC accused Ripple and its main executives Brad Garlinghouse and Chris Larsen, abusing securities laws in the sale of XRP tokens since 2013.
Meanwhile, Ripple chairmen of both, Chris Larsen and Garlinghouse, filed separate petitions to dismiss the case. Lawyers of both company executives say the Treasury Department’s Financial Crimes Enforcement Network previously classified XRP as a digital currency.