Ripple CEO Brad Garlinghouse and co-founder Chris Larsen have released an open letter addressed to the United States Congress. They published the letter on the company website and as a paid ad in the printed edition of the WSJ.
In the piece, the two ask that the government practice discernment in determining who is a friend and who is a foe in the digital currencies space. This comes after mounting concerns from Garlinghouse that Facebook’s Libra is corrupting the industry for other players.
Ripple Has Always Been a Front Bencher
Ripple has, since its inception, positioned itself as a supranational cryptocurrency that partners with the world’s banks instead of seeking to replace them. This has always earned the company a backlash from cryptocurrency purists who believe that Ripple has sold out the ideals of decentralized currency to further their own motives and gain.
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