CEO of Ripple Brad Garlinghouse says he is incredibly optimistic about the company’s trajectory as the crypto industry emerges from its coldest winter yet.
It emphasizes the company’s day-to-day vision of focusing on the long-term potential of cryptocurrency’s usefulness and teaming up with like-minded people.
Coming out of one of the coldest crypto winters to date, I am incredibly optimistic about Ripple’s trajectory. Every day we think about the long-term opportunity of the utility of crypto, putting our money/spirit behind this mission and partnering with people who share this vision. 3/3
— Brad Garlinghouse (@bgarlinghouse) May 17, 2023
Garlinghouse tweeted: “Coming out of one of the coldest crypto winters yet, I’m incredibly optimistic about the trajectory of Ripple. Every day we think about the long-term opportunity for crypto utility, in putting our money/spirit behind this mission, and partnering with people who share this vision.”
Ripple’s CEO was reacting to the news of the company’s latest acquisition, which he describes as massive. Ripple has just announced plans to take on the crypto custody market with the acquisition of Metaco, a Swiss provider of digital asset custody and tokenization technology.
With this acquisition, Ripple will expand its range of business solutions by providing customers with the technology to hold, issue and settle any type of tokenized asset.
Another win for transparency in Ripple-SEC lawsuit
Excitement over Ripple’s latest acquisition builds on the company’s most recent transparency victory in the SEC litigation.
As noted, District Judge Analisa Torres ruled that documents related to the 2018 speech – in which former SEC Chief Financial Officer William Hinman said that in his view Ethereum was not a security – cannot be sealed in a court order.
In January 2022, magistrate Sarah Netburn made the initial decision that these documents should be provided to Ripple as part of the ongoing discovery process.
The news was enthusiastically received by the XRP community and as a result, XRP rose by almost 7%.
“Overall, I think the decision bodes well for Ripple on summary judgment motions,” crypto attorney Bill Morgan said in a recent tweet.