Ripple CEO on Elon Musk's XRP Mention: “XRP Not Niche Issue”
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Ripple Chief Executive Officer Brad Garlinghouse published a tweet, in which he made a comment on Elon Musk's recently talking about crypto when asked about the future prospects of XRP during one of his public talks.
As reported by U.Today, on Sunday, Elon Musk made a public speech in Pittsburgh, Pennsylvania, and he fielded a question from the audience regarding XRP Ledger and XRP. Musk's response was lengthy, talking about crypto in general rather than XRP in particular.
Garlinghouse comments on Musk's XRP mention
When asked if, in the future, XRP Ledger could be incorporated into financial institutions, considering the negative SEC treatment of it under its current administration led by Gary Gensler, Musk responded that he believes crypto to be an interesting "bulwark" against "centralized control." Overall, in his opinion, "crypto by its very nature helps with individual freedom."
However, Elon Musk stressed that it was “definitely not an endorsement or lack of endorsement for XRP.”
This triggered Brad Garlinghouse’s comment. The 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: they “want real policies that drive innovation and create jobs.”
Garlinghouse retweeted a video in which Musk is asked this question about XRP and then responds to it.
Yuri MolchanElon Musk avoids promoting crypto
Earlier this year, Musk took part in a podcast, where he touched on the topic of crypto. The host asked whether Musk still supports Dogecoin as it was in 2021, when the original meme cryptocurrency reached an all-time high of $0.7376. Back then, Musk jokingly called himself “The DogeFather” and then endorsed DOGE during his Saturday Night Live debut.
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.
The only crypto Musk has ever mentioned on X is Bitcoin, plus a few newly emerged meme coins (such as LADYS), again because of his great love for memes.
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