Garlinghouse Assures XRP Is Core to Business as Ripple Announces Victory Party

Brad Garlinghouse assures that XRP will remain core to Ripple’s vision and business solutions.
Ripple will be hosting a victory party on September 29 to celebrate its partial win against the SEC.
Garlinghouse is rumored to have presented XRP solutions to the IMF.

Ripple CEO Brad Garlinghouse assured that XRP will remain central to the company’s long-term vision. According to an interview with Bloomberg, Garlinghouse envisions XRP as having an adoption trajectory akin to Bitcoin.

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Garlinghouse’s statement aligns with Ripple’s partial victory against the US Securities and Exchange Commission (SEC). Specifically, XRP is the only cryptocurrency, apart from Proof of Work (PoW) coins, to have regulatory clarity in the US. As far as the law is concerned, XRP is not a security.

The above Bloomberg interview video appeared in the wake of Ripple’s announcement of a victory party on September 29 in New York City.

Details are not out yet, particularly in which location and how people can get invited to the party. However, the nature of the celebration is clear: Ripple is proud of its partial victory from its lawsuit with the SEC that traces back to the end of 2020.

A couple of days ago, rumors about Garlinghouse presenting Ripple’s solution that involves XRP to the International Monetary Fund (IMF) circulated online. The rumors came from the recently concluded Singapore Fintech Festival, where Garlinghouse spoke together with a representative from the IMF.

In other news, XRP is still trading sideways alongside the rest of the market. At the time of writing, XRP is changing hands at $0.5148, according to CoinGecko.

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Jesus Dawal

Jesus Dawal Jr covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.