In a recent interview with Thinking Crypto, Ripple CEO Brad Garlinghouse said that he was “open” to new ideas when asked about burning XRP tokens that are held in the company’s escrow
In the XRP ecosystem, I am always open to new ideas and interested in them. I rule out nothing. I don’t rule out anything.
Garlinghouse also stated that “dump XRP” was not reasonable for Ripple to reject charges such as misinformation.
There are currently 47,8 billion XRPs locked into the Ripple scrow ($65.4 billion at press time). This is more than the current 45.4 billion tokens of cryptocurrency supply.
Ripple CTO David Schwartz tweeted in December that “nothing” could be done by Ripple validators and the community to stop their tokens from getting their validation and community burned.
Other highlights
In the lawsuit against Ripple, the US Securities and Exchange Commission highlighted centralized ownership of XRP.
Naturally, the suit was an important theme of the last interview with Garlinghouse. In his speech on the SEC’s high-profile enforcement action, Ripple’s boss acknowledged the XRP community’s continual efforts to intervene in the lawsuit:
I don’t know that. I don’t know that. I’m not so a conspiracy theorist, really. The optics of some of Jay Clayton’s decisions since then certainly do not look great, and Bill Hinman certainly has since made them. The fact that Simpson Thatcher is part of the Alliance of Ethereum Enterprise and you know that he is paid for while he is there by Thatcher… Such stuff doesn’t look great, you know.
For dissolving its XRP trust and replacing it with a Chainlinking, Garlinghouse also slammed digital asset manager Grayscale:
For Chainlink, there is no clarity.
