Ripple CEO Brad Garlinghouse to Be Keynote Speaker with SEC Chairman at Fintech Week 2019 Event

Libra Coin News
Mon, 09/09/2019 - 08:28
Yuri Molchan
Brad Garlinghouse to speak at the approaching fintech event along with Joshua Klayton, Joseph Lubin, CFTC chairman, and others
Cover image via

The Ripple chief executive Brad Garlinghouse who recently publicly responded the community’s complaints regarding regular ‘XRP dumping’, plans to be a keynote speaker at an event dubbed Fintech Week 2019. The event is to take place in late October.

Alongside the head of Ripple, the list of the speakers includes the chairmen of major US regulators – the SEC and the CFTC, the Ethereum co-founder, crypto billionaire Joseph Lubin, and reps of other regulatory agencies.

Garlinghouse and SEC’s Joshua Clayton are going to make their speeches on the same day.

Image by dcfintechweek

Recent controversial events provoked by Ripple

Over the past few weeks, the community has clearly expressed their reaction regarding regular XRP sales conducted by Ripple.

A Twitter users Crypto_Bitlord publicly expressed his indignation, tweeting that Ripple is dumping gargantuan amounts of XRP deliberately – to prevent the asset’s price from increasing.

The first step he took to try and stop it was to set up a petition on the website, demanding that Ripple would stop the dumping. The second one was that he threatened to conduct an XRP fork to prevent further coin’s price fall.

However, later on, a petition with an opposite goal appeared on the same platform. A user who initiated it demanded that Ripple should continue dumping XRP in order to ‘unleash’ the utility of XRP.

The first petition has already received nearly 2,500 signatures.

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Brad Garlinghouse responds

In a series of tweets reported by U.Today earlier, Mr Garlinghouse addressed several issues regarding FUD that is being spread around XRP and pointed out that the regular so-called ‘XRP dumps’ (1 bln XRP that is released from escrow each quarter and sold) chases the only goal – to increase the XRP utility.

The most recent example of an ‘XRP dump’ is the transfer of 100 mln XRP from Ripple to the wallet of the Stellar founder Jed McCaleb.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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