The company’s trajectory, according to Ripple CEO Brad Garlinghouse, is extremely positive as the cryptocurrency market emerges from its harshest winter to date.
He highlights the company’s daily goal, which calls for concentrating on the long-term utility of cryptocurrencies and collaborating with like-minded people.
Coming out of one of the harshest crypto winters ever, I’m tremendously positive about Ripple’s direction, Garlinghouse tweeted. Every day, we consider the potential long-term utility of cryptocurrencies, invest in that cause, and collaborate with people who share that outlook.
The announcement of the company’s most recent purchase, which he sees as huge, prompted the response from the Ripple CEO. With the recent announcement of its plans to acquire Metaco, a Swiss-based supplier of digital asset custody and tokenization technology, Ripple is now officially entering the crypto custody industry.
As a result of the purchase, Ripple will be able to provide its customers the technology to hold, distribute, and settle any kind of tokenized asset, expanding the scope of its business solutions.
Another win for transparency in Ripple-SEC lawsuit
The euphoria around Ripple’s most recent purchase is a continuation of the firm’s most recent victory over openness in the SEC case.
According to reports, District Judge Analisa Torres has determined that a court order cannot be used to seal the records related to the 2018 speech, in which former SEC Director of Corporation Finance William Hinman declared that, in his opinion, Ethereum was not a security.
Magistrate Sarah Netburn initially decided that such materials will be given to Ripple as a part of the ongoing discovery procedure in January 2022.
The XRP community reacted to the news with enthusiasm, and as a result, the price of XRP rose by about 7%.
Crypto lawyer Bill Morgan recently tweeted, “Overall, I think the decision bodes well for Ripple on the summary judgement motions.”
