Ripple CEO Addresses XRP Sales Criticism

In a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse discussed ongoing criticisms regarding the company’s XRP sales, suggesting a potential reduction in sales volume in the future.

> “You know, at some point, maybe we won’t be selling as much,” Garlinghouse stated.

The 53-year-old executive also targeted some of Ripple’s critics, accusing them of spreading “falsehoods” about the company.

> “But right now, frankly, we get criticized for owning too much, and then we’re criticized for selling some,” he quipped.

Garlinghouse described XRP as “slightly deflationary,” noting that the supply has decreased to 99.9 billion units. Currently, the company holds 42% of the total XRP supply, according to Garlinghouse.

“It Feels A Lot Better to Be on the Offense”

As reported by U.Today, the SEC has decided to abandon its appeal against Ripple, originally filed in October under former Chair Gary Gensler.

According to Garlinghouse, this decision has provided increased certainty for Ripple and for himself. However, Ripple has not yet dropped its cross-appeal against the SEC. Garlinghouse expressed that the company is now in “the driver’s seat.”

> “We gonna see. It feels a lot better to be on the offense than on the defense,” he said.

RLUSD in the Top 5?

During the interview, Garlinghouse stated that Ripple’s goal is to position Ripple USD (RLUSD) within the top 5 by year-end, anticipating significant growth in this market sector.

As reported by U.Today, Ripple’s regulated stablecoin was recently added to LMAX Digital.