Ripple CEO Brad Garlinghouse believes that maximalism is harmful for the cryptocurrency business
Ripple CEO Brad Garlinghouse recently told CNBC that maximalism could be a major hurdle for the business.
Unhealthy polarization will not bode well for cryptocurrency market growth, in keeping with the 51-year-old executive.
Garlinghouse, who himself holds Bitcoin and Ethereum, believes that more than one cryptocurrency may succeed, which is why there's no place for tribalism.
The former Yahoo government, who additionally oversaw product groups at AOL, recalled that a lot of firms managed to thrive at the same time throughout the dot-com mania within the late 1990s since they were acting on finding totally different issues.
The executive is especially involved regarding the shortage of coordination among cryptocurrency business leaders on the regulative front in Washington, DC. Garlinghouse delineate this lack of cooperation as "shocking."
After Ripple got sued by the U.S. Securities and Exchange Commission in late 2020, it attracted many criticism from the cryptocurrency community for targeting Bitcoin and Ethereum in its Wells notice and accusative the agency of choosing "winners and losers." At constant time, members of the XRP community believe that the SEC created an uneven enjoying field for other comes by allegedly providing clarity for the top 2 cryptocurrencies.
Last December, the Ripple head commented that the decline of maximalism was a positive factor for the industry.
( Alex Dovbnya, u.today, 2022 )