Ripple CEO On Why XRP Is Not a Security and Other Things
Speaking on Thursday at the CB Insights Future of Fintech conference in New York City, Ripple CEO Brad Garlinghouse presented three arguments for why XRP is not a security: 1. “If Ripple the company shut down tomorrow, the XRP ledger would continue to operate. It’s open-source, decentralized technology that exists independent of Ripple.” 2. “The people buying XRP, they don’t think they’re buying shares of Ripple. There’s a company called Ripple, we are a private company, we have investors… but buying XRP doesn’t give you ownership of Ripple, it doesn’t give you access to dividends or profits that come from Ripple.” 3. “XRP is solving a problem. There’s no utility in a security.” Watch the full interview and listen Garlinghouse talking on other topics, too.
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