Ripple and Hedera Discuss Potential Collaboration
Ripple’s CEO, Brad Garlinghouse, and Leemon Baird, co-founder of Hedera, had a conversation about the possibility of collaboration to advance the digital assets industry. The discussion took place during an interview at the World Economic Forum 2024 in Davos.
Garlinghouse emphasized the benefits of working together and expressed his interest in exploring collaboration. Baird echoed this sentiment and shared his thoughts on tokenization in a separate panel.
Garlinghouse Criticizes SEC Chair’s Approach
During an interview with CNBC, Garlinghouse criticized Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), for his regulatory approach and lack of clarity. He referred to Gensler as a “political liability” and questioned his actions.
Garlinghouse mentioned the delays in approving spot Bitcoin ETFs and highlighted high-profile lawsuits against Ripple. He suggested that a new SEC chair would be beneficial for the American economy.
SEC Lawsuits Against Exchanges
The SEC has filed lawsuits against major exchanges Binance, Coinbase, and Kraken for allegedly conducting unregistered securities sales. The trials are ongoing.
Ripple has been involved in a legal battle with the SEC since 2020, accused of selling XRP tokens as unregistered securities. In October 2023, the SEC dropped claims against Garlinghouse and another executive. Ripple partially won the lawsuit last year.
Hot Take: Ripple and Hedera Explore Collaborative Opportunities
Ripple’s CEO Brad Garlinghouse and Hedera’s co-founder Leemon Baird recently discussed potential collaboration to drive innovation in the digital assets industry. The conversation took place at the World Economic Forum 2024 in Davos, where they shared their insights on revolutionizing the trillion-dollar payments industry.
Garlinghouse emphasized the importance of collaboration, stating that they should explore the possibility of working together. Baird echoed this sentiment and highlighted the benefits of industry cooperation in building trust and keeping users safe. This discussion opens up new avenues for increased collaboration within the crypto space to foster innovation and drive the industry forward.
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