The post Ripple News: Garlinghouse Hints at Cutting XRP Sales After SEC Victory appeared first on Coinpedia Fintech News
After years of legal battles, price suppression, and endless debates, XRP is finally breaking free. In a major victory for the crypto community, the U.S. Securities and Exchange Commission (SEC) has officially dropped its case against Ripple. But just as things start looking up, Ripple CEO brad garlinghouse 
brad garlinghouse
Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the "Peanut Butter Manifesto," requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter.
Details:
Organization: RippleLocation: United StatesEducation: MBA from Harvard Business School and BA from The University of KansasSkills: Venture capital and Startups
Experience:
CEO at Ripplefrom from Jan 2017 - Present ·President and COO at Ripple logo from Apr 2015 - Dec 2016Board Member at Animoto from 2012 - Dec 2017Tonic Health, an R1 company logoBoard Member at Tonic Health from 2011-2016Board Member at Ancestry from 2013 - 2016CEO at Hightail from May 2012 - Sep 2014
FAQs
Who is Brad Garlinghouse?The CEO of Ripple, a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, is Brad Garlinghouse. He has played a significant role in advancing cross-border payments using blockchain technology.What is Brad Garlinghouse's role at Ripple?Garlinghouse is in charge of Ripple's expansion and strategic direction in his capacity as CEO. Ripple has concentrated on using blockchain technology to enhance international payment networks under his direction.
EntrepreneurInvestorChief Executive OfficerBoard Member
has hinted at a surprising shift – the company may scale back its XRP sales in the future.
Why would Ripple make such a move now? Let’s break it all down.
Will Ripple Cut Back on XRP Sales?
In an interview with Bloomberg, Garlinghouse responded to criticism about Ripple’s XRP sales. He acknowledged that while the company currently holds 42% of XRP’s total supply, there may come a time when they “won’t be selling as much.” He also pushed back against critics, calling their claims “falsehoods” and pointing out the contradiction – Ripple is often criticized for both holding and selling XRP.
Pierre Rochard, vice president of research at Riot Platforms, has previously argued that Ripple sells XRP mainly as a revenue source, not as an investment. He claims XRP holders are not investing in Ripple itself but are simply buying tokens that the company continues to sell into the market.
According to him, these tokens are created out of thin air, and Ripple has no obligations to buyers after the sale. His comments add to the long-running debate over Ripple’s XRP sales and their impact on the market.
SEC Drops Its Case—But the Fight Isn’t Over
Ripple’s legal victory became official when the SEC decided to drop its appeal against the company. Garlinghouse says this decision gives Ripple much-needed regulatory clarity. However, the battle isn’t completely over – Ripple is still pushing forward with its own cross-appeal against the SEC. Garlinghouse believes this puts Ripple “in the driver’s seat,” allowing the company to take an offensive approach rather than just defending itself.
Big Plans for Ripple’s Stablecoin
Ripple isn’t just focused on XRP—it’s also making moves in the stablecoin space. Garlinghouse revealed that Ripple aims to push its stablecoin, RLUSD, into the top five by the end of the year. This comes after RLUSD was recently added to LMAX Digital, signaling big ambitions for Ripple’s regulated digital currency.
With regulatory clarity and a stronger position in the market, Ripple is more confident than ever. Whether or not it reduces XRP sales, the company is clearly shifting its focus toward growth, new products, and staying competitive in the crypto industry.
The future looks promising for Ripple, and the next moves it makes could shape the direction of the market.
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