Ripple CEO Says That Transparency Is “Critical” in Crypto Industry

said that the whole industry had to be more transparent when asked about the Tether stablecoin.

“From the earlier days, Ripple and the XRP community, we tried to lead by example. We really tried to be the adults in the crypto room,” Garlinghouse said. The executive claims that he came to the World Economic Forum in Davos, Switzerland, in order to pitch Ripple’s technology to finance ministers and CEOs around the world.When asked about the ongoing cryptocurrency market correction, Garlinghouse said that Bitcoin is still trading significantly higher now than two years ago.He claims that stablecoins were the main bearish catalyst behind the recent market turbulence.

The collapse of Terra has once again highlighted the need for crypto regulation. In the most recent interview, Garlinghouse says that countries like the U.K., Switzerland, and Singapore have already established a regulatory framework for cryptocurrencies.

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Transparency in crypto industry ‘critical’: Ripple CEORipple CEO Brad Garlinghouse weighs in on regulation and volatility in the crypto markets from WEF in Davos as bitcoin hovers around the $29,000 level.
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