As a seasoned crypto investor with over a decade of experience in this dynamic market, I find myself constantly intrigued by the public discourse surrounding various cryptocurrencies and their potential impact on the financial landscape. The recent exchange between Brad Garlinghouse and Elon Musk is no exception.
Brad Garlinghouse, the CEO of Ripple, took to Twitter to express his thoughts about Elon Musk, who has recently discussed cryptocurrency. During one of his public speaking engagements, someone asked him about the future possibilities concerning XRP, and he responded in relation to that topic.
According to U.Today’s report, during a public appearance in Pittsburgh, Pennsylvania last Sunday, Elon Musk was asked about the XRP Ledger and XRP. Instead of focusing specifically on XRP, Musk provided a broad response discussing cryptocurrencies in general.
Garlinghouse comments on Musk’s XRP mention
If queried about the possibility of integrating the XRP Ledger within financial institutions in the future, taking into account the unfavorable stance of the Securities and Exchange Commission (SEC) under the leadership of Gary Gensler at present.
Musk expressed his viewpoint that cryptocurrencies serve as a valuable “barrier” against excessive centralized authority. In essence, he believes that the inherent qualities of crypto support and uphold personal liberty.
On the other hand, Elon Musk made clear that his statement did not constitute an endorsement or non-endorsement for XRP.
This triggered Brad Garlinghouse’s comment. Ripple CEO stated that users “care about crypto – they care about XRP” and “it’s not a niche issue.” The Ripple boss said that users are concerned about crypto regulations: “want real policies that drive innovation and create jobs.”
Voters care about crypto – they care about XRP – it’s not a niche issue. They want real policies that drive innovation and create jobs.
Candidates that ignore crypto and blockchain risk a serious loss in support from a growing, informed voter base.
— Brad Garlinghouse (@bgarlinghouse) October 21, 2024
Garlinghouse shared a video where Musk was queried about XRP, followed by his reply to the question.
Elon Musk avoids promoting crypto
Previously this year, Musk participated in a chat where the crypto subject was discussed. The moderator inquired about whether Musk continues to favor Dogecoin, as it did in 2021 when the original meme-based cryptocurrency peaked at $0.7376. At that time, Musk playfully referred to himself as “The DogeFather” and later supported DOGE during his first appearance on Saturday Night Live.
Musk said that he likes Dogecoin primarily because of dogs and memes that are related to DOGE. He believes that there may be some merit in Bitcoin and perhaps some other coins. However, Musk made it clear that he is not going to promote any coins unless as a joke.
In his discussions about X, Elon Musk has only referred to Bitcoin and sometimes recently popularized meme coins like LADYS, due to his fondness for internet humor.
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2024-10-22 15:37