Brad Garlinghouse Sidesteps Question on XRP Exchange Payments

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  • Ripple CEO Brad Garlinghouse has addressed several questions over Ripple’s upcoming battle with the SEC
  • Garlinghouse listed five “key” questions he has seen since the suit was filed, including one on paying exchanges to list XRP
  • Significantly he sidestepped this question instead of answering it

Ripple CEO Brad Garlinghouse has answered what he says are five “key” questions surrounding the lawsuit recently brought against the company by the Securities and Exchange Commission (SEC), although he failed to address the suggestion that Ripple paid exchanges to list XRP. Garlinghouse took to Twitter to tackle the questions, ranging from the chances of settling with the SEC to the current level of investor faith, but dodged the question of Ripple paying to get XRP listed, which was raised in the SEC filing.

SEC Accuses Ripple of Buying XRP Listings

Garlinghouse chose to discuss the Ripple lawsuit after accusations of silence by the XRP community, although he was careful to explain that there was much he couldn’t discuss at this stage:

The SEC claims that Ripple entered into agreements with at least 10 exchanges to list the token in return for hefty XRP payments, with “one particular Manhattan-based digital asset trading platform” being a priority target given its “HIGH VALUE” status. However, this exchange repeatedly turned them down, according to the filing, despite Ripple offering to pay a whole manner of costs and incentive payments.

Garlinghouse Dodges the Question

After explaining in his tweet thread how Ripple tried to settle with the SEC but failed, Garlinghouse then moved onto the twin questions of whether Ripple paid exchanges to list XRP and if it will be relisted on those exchanges that have removed it.

Interestingly, after asking the question so directly, Garlinghouse then proceeded to completely ignore it. Instead, the embattled CEO focused on the delisting of XRP by those same exchanges, stating that Ripple has no control over where XRP is traded and owned.

His failure to tackle the issue of exchange payments and decision to shift instead onto something else is telling, but he can’t avoid it forever – the SEC won’t be as forgiving as the XRP neophytes on Twitter.