Ripple CEO Brad Garlinghouse’s XRP tattoo reflects his “1,000%” commitment, as the SEC lawsuit nears an end, boosting XRP’s $2.18 price.
Brad Garlinghouse is fortifying his support for the XRP project as the Ripple-SEC legal dispute approaches its inevitable conclusion, citing his tattoo as a testament to his dedication. He will enhance the project in the immediate future, as new XRP news suggests that network fundamentals are rising.
XRP News: Brad Garlinghouse Places His Entire Fortune on XRP
The Ripple CEO has verified that he is placing his entire career on the line for XRP and is optimistic about the project’s long-term success. Garlinghouse references the XRP tattoo on his upper arm in an X post to represent his 1,000% dedication to the project.
After the pseudonymous Digital Asset Investor commented on Garlinghouse’s decision to obtain a tattoo, he reaffirmed his dedication to XRP. The pseudonymous account observed that Garlinghouse’s decision to obtain an XRP tattoo after age 50 indicates a complete commitment to the initiative.
“I know many people who got tattoos when they were young and regret them because lif changes,” said Digital Asset Investor. “When someone with a Harvard MBA gets a tattoo after 50 they have thought it through and know it’s only going to change in a good way.”
The XRP inventor responded with “1,000%” in response to Digital Asset Investor’s argument that Brad Garlinghouse has no doubts. Brad Garlinghouse unveiled the XRP tattoo following Ripple’s partial victory against the SEC in 2023, ruling that public exchange token sales were not considered securities.
Nevertheless, the company pursued a revised judgment by challenging the court’s decision on institutional XRP sales for the subsequent two years. Ripple has since withdrawn its cross-appeal against the SEC, bringing the XRP litigation one step closer to its conclusion. This decision was made after Judge Torres dismissed a joint motion by both parties for an indicative ruling.
Ripple’s CEO Concentrates on Constructing
Despite the injunction on institutional XRP sales, Brad Garlinghouse has stated that he is redoubling his efforts to enhance XRPL. The company will not contest the court’s decision to maintain the injunction; however, it may investigate compliant alternatives for institutional XRP sales.
“We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value,” said Garlinghouse.
The first fruits of the buzz surrounding a commitment to the undertaking are already being realized. The volume of XRP transactions has increased, and the number of XRP daily addresses increased sevenfold in June. Additionally, the likelihood of an XRP ETF has risen to 95% due to the positive fundamentals, and Canada has approved three ETFs. The new XRP Ledger software update 2.5.0 has been implemented, which has resulted in XRPL being in competition with Ethereum and Solana on the technical front.
