Ripple CEO Brad Garlinghouse believes that even if XRP is recognized as a security in the United States, it will not interfere with Ripple’s global development.
During a podcast with Anthony Pompliano, Garlinghouse revealed that the U.S. Securities and Exchange Commission (SEC) has been considering recognizing XRP as a security for a long time. At the same time, the position of the US regulator goes against the views of the supervisory authorities of other G20 countries.
“It is quite difficult to recognize XRP as a security. However, if the SEC recognizes it as a security here in the US, then we have other G20 markets with different views. I do not know of any market in the world where they believe that XRP is a security, ” Garlinghouse said.
Also, the CEO of Ripple stressed that about 90% of the company’s customers are located outside the United States, so strict regulation in America will not prevent Ripple from doing its business.
Recall that the debate about whether XRP is a security has been going on for several years. Recently, a well-known trader Peter Brandt (Peter Brandt) called on the SEC to still recognize XRP as a security. But according to Congressman Tom Emmer, XRP does not fit the definition of securities.