Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Ripple CEO Brad Garlinghouse in Twitter Spat With VC Over XRP

Published 05/10/2023, 01:39 PM
Updated 05/10/2023, 02:00 PM
Ripple CEO Brad Garlinghouse in Twitter Spat With VC Over XRP

  • Ripple CEO Brad Garlinghouse engaged in an online spat with venture capitalist Jason Calacanis.
  • “It would have cost little for the Ripple team to have registered it as a security and played by the rules,” said Calacanis.
  • Garlinghouse responded to Calacanis by stating that he was “trolling” about things he did not know about.

Ripple CEO Brad Garlinghouse has landed in an online spat with Jason Calacanis, an angel investor and podcaster. The two had a heated argument on Twitter after Calacanis declared that XRP was obviously a security.

“It would have cost little for the Ripple team to have registered it as a security and played by the rules — like everyone else in the industry does all day long,” said Calacanis in his tweet posted earlier yesterday. To the controversial tweet, Garlinghouse responded by asking him when he learned about securities laws.The Ripple CEO further added:

This is embarrassing for you (and hilariously wrong as there is no framework to register digital assets in the US), but we’re all used to you making controversial statements and trolling about things you know nothing about.

Calacanis, however, did not back down. “I learned securities law by investing in 350 startups, having a bunch go public, and by forming the largest angel syndicate in the world (with 11,000 accredited investors thesyndicate.com),” the podcaster replied. He also added that he read the SEC vs. Ripple court documents.

However, when asked if ETH was a security, Calacanis did not respond. Users in the comment section also vehemently disagreed with Calacanis’ statements. “At least have some respect for the 63 years old Judge. It is taking her three years and she can’t figure it out yet,” said one user.

Crypto lawyer and long-time Ripple advocate John Deaton also replied to Calacanis. “Claiming Ripple sold XRP as a security is one thing. Saying XRP is a security is another. XRP is a line of code inside software. How do you register? ‘to have registered it as a security and played by the rules like everyone else.’ Where did ETH, ADA, ALGO, XLM, etc. register?”

The post Ripple CEO Brad Garlinghouse in Twitter Spat With VC Over XRP appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.