Ripple CEO Brad Garlinghouse has suggested that the company may eventually scale back its sales of XRP, a move that could impact the market dynamics of the digital asset. In a recent discussion with Bloomberg’s Sonali Basak, Garlinghouse acknowledged the ongoing debate surrounding Ripple’s handling of XRP, indicating that changes could come in the future. “At some point, we may not be selling as much,” he stated, acknowledging the scrutiny Ripple faces regarding its XRP holdings and sales strategy. Pushing Back Against Critics Garlinghouse also took a firm stance against those who have criticized Ripple’s approach to XRP, arguing that the company is often unfairly targeted. He pointed out the contradiction in the arguments presented by detractors—some complain that Ripple holds too much XRP, while others take issue with the company selling portions of its holdings. “There’s always criticism. If we hold too much, we get criticized. If we sell some, we still get criticized,” he remarked, dismissing what he described as misinformation spread by skeptics. XRP’s Supply and Deflationary Nature Touching on XRP’s supply dynamics, Garlinghouse described the asset as “slightly deflationary.” He noted that the total available supply has gradually decreased, now sitting at 99.9 billion XRP. Ripple still retains 42% of the total supply, a fact that has fueled debates about its influence over the digital asset market. A Shift in Ripple’s Legal Battle with the SEC The conversation also turned toward Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC). Recent developments have seen the regulatory body withdraw its appeal against the company, marking a significant legal victory for Ripple. The appeal , which was initiated in October under the leadership of former SEC Chair Gary Gensler, has now been abandoned. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 For Garlinghouse, this decision provides much-needed clarity, both for Ripple as a company and for himself as its leader. However, Ripple is still pursuing its cross-appeal against the SEC , signaling that the legal fight is not entirely over. Ripple Takes a More Assertive Stance Reflecting on the shifting legal landscape, Garlinghouse suggested that Ripple is now in a stronger position than before . He emphasized the company’s newfound ability to take the initiative rather than merely responding to regulatory challenges. “It’s a different feeling when you’re on the offense rather than playing defense,” he stated, hinting at a more proactive strategy moving forward. With Ripple securing legal momentum and considering adjustments to its XRP sales strategy, the company appears poised to shape its future on its terms. How this will affect the broader cryptocurrency market remains to be seen. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple CEO Hints at Possible Reduction in XRP Sales. Here’s Why appeared first on Times Tabloid .
