Ripple CEO Garlinghouse Defends XRP: "We Own a Lot of XRP but Do Not Control It"

As BTC-ECHO reports (https://www.btc-echo.de/schlagzeilen/wir-besitzen-viel-xrp-aber-wir-kontrollieren-es-nicht-234321/), Ripple CEO Brad Garlinghouse has once again emphasized that the cryptocurrency XRP is not a security. In a recent interview, Garlinghouse addressed the allegations raised by prominent industry figures such as Cardano founder Charles Hoskinson. Hoskinson sharply criticizes Ripple and accuses the company of systematically selling XRP during price increases, which influences the market.

Garlinghouse Draws a Clear Line Between Ownership and Control

Garlinghouse explained that while Ripple owns a large amount of XRP, it does not control it. He stressed that the company has no direct influence on the market price and that XRP operates as a digital asset independently of Ripple. This distinction is central to clarifying regulatory questions, especially in the context of the EU crypto regulation MiCA, effective since mid-2024, which provides clear definitions for crypto assets and their providers.

Controversy Over XRP and Security Status

The debate over XRP’s status as a security has been a central point of contention in the crypto community and among regulators for years. While Garlinghouse and Ripple argue that XRP functions as a utility token and means of payment, critics see it as a security, which would entail stricter regulatory requirements. The U.S. SEC has previously sued Ripple, further fueling the dispute.

Hoskinson’s Allegations and Market Dynamics

Charles Hoskinson, founder of Cardano, criticizes Ripple not only for the alleged market manipulation through sales but also for a lack of transparency. He views Ripple’s actions as a threat to the credibility of the entire crypto sector. These allegations highlight the importance of transparency and governance among major token issuers.

Importance for the Crypto Industry and Investors

The discussion around XRP exemplifies how crucial clear regulatory frameworks and transparent corporate practices are in the crypto sector. Investors and users need certainty about how tokens are issued, held, and traded. The MiCA rules, effective in the EU since June 2024, create a binding legal framework that is also relevant for providers like Ripple.

Technological Context: Security and Infrastructure

In the context of blockchain technology, it is important that projects like Ripple and innovative platforms such as QuBitcoin (QUB) and the QRX Chain rely on secure and scalable infrastructure. The QRX Chain, for example, focuses on long-term security and post-quantum resistance, which could be decisive for the future of blockchain technology (https://qrxchain.org). This technological development complements regulatory progress and strengthens trust in digital assets.

Conclusion

The confrontation between Ripple and critics like Hoskinson illustrates the challenges facing the crypto industry: regulatory clarity, market transparency, and technological innovation must go hand in hand to enable sustainable growth and acceptance. Garlinghouse’s clear distinction between ownership and control of XRP is a step toward clearing up misunderstandings and solidifying Ripple’s position in the market.