Ripple Executives Brad Garlinghouse and Chris Larsen to be Out of Office During Bitcoin Halving
Brad Garlinghouse, the CEO of Ripple, and Chris Larsen, the executive chairman, have informed the court that they will be unavailable for two weeks in April. The dates chosen by the Ripple executives align with the occurrence of the bitcoin halving, adding an interesting aspect to the situation. Attorneys representing Garlinghouse and Larsen have communicated this information to Judge Analisa Torres.
Key Points:
1. Ripple executives will be unavailable from April 1 to 14, 2024, for reasons that are not explicitly mentioned.
2. The chosen dates coincide with the bitcoin halving, which is an event where the mining reward is reduced by half.
3. The filing of these dates is in response to a pretrial scheduling order issued by Judge Torres to establish a specific date for the final pretrial conference.
4. The choice of dates might suggest that Garlinghouse and Larsen anticipate volatile movements in XRP’s price around the time of the bitcoin halving.
5. Currently, XRP is trading at $0.518, with a 0.1% increase over the past 24 hours but a decline of 14% over the week.
Hot Take:
The decision of Ripple executives to be out of the office during the bitcoin halving raises questions about their expectations for XRP’s price movement. This strategic move could indicate that they believe the event will have a significant impact on the cryptocurrency market. It will be interesting to see if their anticipation aligns with the actual outcome of the bitcoin halving and its effects on XRP’s price.
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