Ripple CEO Brad Garlinghouse Says He’s Never Been an ‘XRP Maxi’, Backs Bitcoin And Other Chains
Highlights
- Ripple CEO Brad Garlinghouse noted that he has never been an XRP maxi as tribalism is bad for the industry.
- He stated that the industry won't be a one-chain world and that he supports other chains.
- Garlinghouse also mentioned that AI is driving growth at Ripple and not to reduce their workforce.
Ripple CEO Brad Garlinghouse has clarified that he has never been an XRP maxi, even though the token is the “North Star” for the company. He also touched on the CLARITY Act and how AI is driving growth at his company, and is not intended to cut their workforce.
Ripple CEO Rejects ‘XRP Maxi’ Tag
During an interview at the Consensus Miami conference, Garlinghouse stated that he has never been an XRP maxi and that he wants to see other chains, including Bitcoin, succeed. He also noted that tribalism is bad for the crypto industry and that there is no way the industry will be a one-chain industry.
The Ripple CEO made these comments while highlighting the power of communities in crypto, describing them as one of the greatest things about crypto. Specifically, he alluded to the XRP Army, which he said has been an “unbelievable and supportive” ally for Ripple.
He further mentioned the XRP Las Vegas conference, which took place last week, stating that the community was the most vibrant it has ever been. As CoinGape reported, at the conference, Garlinghouse reiterated that XRP is Ripple’s North Star.
Meanwhile, the Ripple CEO assured during this latest interview that they remain accountable to the XRP ecosystem, noting that they are still the largest XRP holder. He added that all the acquisitions they have made are to further accelerate XRP’s adoption and boost its liquidity.
Garlinghouse also touched on the CLARITY Act, expressing optimism that the Senate will get it over the finish line. The crypto bill has seen progress over the last week, with Senator Thom Tillis unveiling the latest text following a compromise stablecoin deal, which preserves stablecoin rewards.
Garlinghouse Addresses Increase In Layoffs Due To AI
The Ripple CEO also addressed the increase in layoffs across the crypto and macro spaces due to AI’s growth. He said that AI is driving growth at his company rather than layoffs. Garlinghouse explained that they see AI as a tool to pursue more products and users faster, not necessarily to replace human workers.
As CoinGape reported, crypto exchange Coinbase cut 14% of its workforce, citing an AI shift and the current market conditions. Other crypto firms have also reduced their workforce since the start of the year in the shift towards AI-driven operations.
The Ripple further described layoffs as a travesty for AI, with AI being painted as the “boogeyman.” He added that AI is an unlock for a growth industry like crypto and that it is unfortunate that some companies are using AI as an excuse for poor management in relation to these layoffs. However, Garlinghouse admitted that Ripple may have an advantage in reducing costs since it is a private company.
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