Ripple (XRP) CEO's statement about the lawsuit and XRP Delist
Ripple CEO addressed to XRP investors.
Ripple (XRP) was literally destroyed by the lawsuit news of the US financial and financial regulator SEC. Judging that XRP was unregistered securities and Ripple sold billions of dollars in securities, the SEC took the matter to the judiciary and officially announced that it would sue.
Delist Panic Prevails in Ripple
Shortly before the SEC's announcement, Ripple CEO #Brad #Garlinghouse made a similar statement and reported that the SEC will go to court. Now, the statement that the Ripple CEO published directly to the company's employees before the incident has emerged.
xrp delist
Garlinghouse, CEO of Ripple, who has a valuation of $ 10 billion, but stated that he can lose everything with this lawsuit, stated that employees should not worry for this reason. Emphasizing that this is only a legal war start, Garlinghouse emphasized that he hopes this war will continue for a long time.
Addresses XRP Investors and Ripple Team
The CEO stated that this will be overcome with the expression "DO NOT worry about what I want from you". Emphasizing once again that they will prove that they are right in court and that XRP is not regarded as a security, the successful manager revealed how confident they actually are in themselves with the statement “we have a sensational legal team and lawyers”. Still, the CEO, repeating that the legal system is slow and the case will continue for a long time, conveyed to the employees that there is no need to worry in this case.
Although the Ripple CEO does not make a clear statement about the delisting of XRP from the stock markets, his belief in the case sends a strong message that this process will be circumvented.
With the emergence of the case, it is seen that XRP lost more than 30% in value and declined to $ 0.34. In fact, XRP is known to fluctuate between $ 0.20 and $ 0.30 in a possible bear market, and many long-term XRP investors are used to these prices.
Famous Lawyer Interprets XRP
The 30% loss of XRP price suddenly caused fear and concern for many new investors. Garlinghouse admitted that this situation was bad for Ripple, but hinted that they would get out of it in a dismal way. Jake Chervinsky, one of the famous lawyers interested in the cryptocurrency industry, thinks this is bad for Ripple.
Chervinsky hinted that Ripple is not facing the worst case, meaning that it was not accused of securities fraud, but that it could still see zero with XRP being declared a security.