Ripple (XRP) is still involved in a major lawsuit in the United States. There, the status of the XRP cryptocurrency is at stake. The Securities and Exchange Commission (SEC) believes that XRP is an effect that would make the rules a lot stricter for Ripple. But CEO Brad Garlinghouse now states in an interview with CNN that continuing without XRP in the US is an option to find a solution.
Julia Chatterly asks Garlinghouse if Ripple could possibly move forward with an alternative to XRP in the US, and if that could be a solution. Garlinghouse responds positively:
“That could certainly be part of the solution. I think it’s strange that the SEC has sort of picked out winners here: it said Bitcoin is no security, it said Ether is no security […] But you know, we could do that. ”
How that would work is not entirely clear. For example, the Ripple network on which all transactions take place could be connected to an alternative network for the US that has its own cryptocurrency. XRP would then serve the rest of the world.
Despite the lawsuit, Ripple is not sitting still. The company is actively expanding in Asia. For example, it recently bought a 40% share in an Asian payment processor. For the expansion, it hired a former Uber and Goldman Sachs director in March.