![\"\"](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/11\/ripple-ftx-768x432.jpg\")
<\/p>\n<\/p>\n
The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed the importance of having \u201chonest conversations about solving real-world problems with crypto and blockchain.\u201d<\/strong><\/p>\n The CEO of Ripple Labs, Brad Garlinghouse, shared his opinion Wednesday on the crypto industry\u2019s recovery following the collapse of FTX during Ripple Swell, an annual conference held by Ripple. FTX filed for Chapter 11 bankruptcy last week.<\/p>\n Reiterating what he said on stage at the conference, Garlinghouse tweeted:<\/p>\n I firmly believe that crypto will be stronger because of this if we keep focusing on transparency and trust. Ripple has and will continue to lead in this regard.<\/p>\n<\/blockquote>\n \u201cWith all that\u2019s happening in the past few weeks (and over the course of this year\u2019s ups and downs), it feels even more imperative that we\u2019ve gathered together in person to have honest conversations about solving real-world problems with crypto and blockchain,\u201d he wrote in a follow-up tweet.<\/p>\n Garlinghouse told CNBC Wednesday that the idea that crypto is not regulated is \u201coverstated,\u201d adding:<\/p>\n Crypto has never just been sunshine and roses and as an industry, it needs to mature \u2026 Transparency builds trust.<\/p>\n<\/blockquote>\n Ripple is currently seeking a license in Ireland to drive EU expansion, the company\u2019s general counsel, Stuart Alderoty, told the news outlet Friday.<\/p>\n The firm\u2019s European expansion drive comes in anticipation of a new regulatory framework provided by the Markets in Crypto-Assets (MiCA) bill, which seeks to align rules on crypto assets across EU countries. \u201cI think MiCA\u2019s a very good start,\u201d Alderoty said.<\/p>\n Regarding the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple, Garlinghouse, and co-founder Chris Larsen over the sale of XRP<\/a>, both Alderoty and Garlinghouse expect<\/a> a ruling on the case to arrive in the first half of 2023. Final legal briefs are due by Nov. 30, after which a judge can either make a ruling or refer it to a jury trial. \u201cWe are at the beginning of the end of the process in our case,\u201d Alderoty opined.<\/p>\nRipple\u2019s CEO Optimistic About Crypto\u2019s Recovery After FTX Meltdown<\/h2>\n
\n
\n