Ripple Signed 15 New Customers After SEC Lawsuit, Says Garlinghouse

[Rain075]

Despite being hit with the US Securities and Exchange Commission’s (SEC) $1.3 billion lawsuit, blockchain payments firm Ripple continues to grow and sign new customers, company’s CEO Brad Garlinghouse wrote in a letter published yesterday.

2020 was a banner year for @Ripple, despite a disappointing ending related to U.S. regulation (understatement?). We processed millions of RippleNet txns, grew ODL 12x YoY and signed 15 new customers after the SEC complaint. 1/3 https://t.co/2efIQDojU7

— Brad Garlinghouse (@bgarlinghouse) January 25, 2021

“2020 was a banner year for Ripple, despite a disappointing ending related to U.S. regulation (understatement?). We processed millions of RippleNet [transactions], grew [on-demand liquidity] 12x [year-over-year] and signed 15 new customers after the SEC complaint,” Garlinghouse wrote yesterday. Source link

[Fenix]

There is nothing surprising. The SEC makes no claims about the issuance or circulation of the ripple cryptocurrency. Therefore, it will continue to work and develop. However, the above-mentioned leaders of this company will have to pay billions of dollars in penalties for the violations committed.